The economy of Brazil is the world's sixth largest by nominal GDP and is expected to become fifth by the end of 2012.Brazil has moderately free markets and an inward-oriented economy. Its economy is the largest in Latin American nations and the second largest in the western hemisphere. Brazil is one of the fastest-growing major economies in the world with an average annual GDP growth rate of over 5 percent. In Brazilian reals, its GDP was estimated at R$ 3.143 trillion in 2009. The Brazilian economy has been predicted to become one of the five largest economies in the world in the decades to come. Brazil is a member of diverse economic organizations, such as Mercosul, Unasul, G8+5, G20, WTO, and the Cairns Group. Its trade partners number in the hundreds, with 60 percent of exports mostly of manufactured or semimanufactured goods. Brazil's main trade partners in 2008 were: Mercosul and Latin America (25.9 percent of trade), EU (23.4 percent), Asia (18.9 percent), the United States (14.0 percent), and others (17.8 percent).

Brazil's troubled economy: Stumbling up the hill

After a decade of encouraging growth, Brazil's economy has stalled. Without substantial changes to public spending and business relations, the country may lose its momentum. For more video content from The Economist visit our website: http://econ.st/1eZWcb5

Will New Economic Measures Revive Brazil’s Economy?

Facing both political and economic problems, Brazil is attempting to revive its economy. Will the “austerity” measures work, and if so, how long will it take to see progress? Brazil Institute Global Fellow, Monica de Bolle provides analysis in this edition of CONTEXT.
Monica Baumgarten de Bolle holds a PhD in Economics from the London School of Economics. She is a former IMF Economist (2000-2005), a Professor of Macroeconomics at the Pontifical Catholic University of Rio de Janeiro (2006-Present), and a Director at the Institute for Economic Policy Studies IEPE/Casa das Garças, a think tank based in Rio de Janeiro, Brazil (2010-2014). As an

Wilson Center's Brazil Institute convened a group of experts to review President Rousseff's new austerity plan and discuss national perceptions of her economic measures.

3:02

How Powerful Is Brazil?

How Powerful Is Brazil?

How Powerful Is Brazil?

Subscribe! http://bitly.com/1iLOHml
Brazil is the largest power in Latin America, but it may have just lost sight of becoming a serious, global superpower due to a recent downturn in their economy. So how powerful is Brazil?
Learn More:
Comparing Brazilian states with countries: Compare-cabana
http://www.economist.com/content/compare-cabana
The notion that Brazil is in the vanguard of a group of emerging countries on their way to economic superpower-dom is so widely accepted as to have become trite. But how far along this road is Brazil?
What is Brazil's army for?
http://www.economist.com/blogs/americasview/2010/09/brazils_mi

13:30

Brazil's Rising Star

Brazil's Rising Star

Brazil's Rising Star

As the U.S. and most of the world's countries limp along after the crippling recession, Brazil is off and running with jobs, industry, and resources. Steve Kroft reports.

5:48

Paulo Sotero discusses the impact of Petrobras' problems on the Brazilian economy

Paulo Sotero discusses the impact of Petrobras' problems on the Brazilian economy

Paulo Sotero discusses the impact of Petrobras' problems on the Brazilian economy

CCTV America’s Phillip Yin interviewed Paulo Sotero, the Brazil Institute Director at the Woodrow Wilson Center in Washington, D.C. He discussed the state of Petrobras, the ongoing investigations, and the impact the energy company will have on the Brazilian economy.

Brazil's economy pulls itself out of recession in Q3

According to recent data, Brazil's economy has managed to pull itself out of recession- but only by the smallest of margins. The world’s seventh largest economy grew by just 0.1 percent in the third quarter of 2014.
No matter how small the margin of growth, the bump is welcome news for an economy which had registered negative results two quarters in a row.
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3:45

5 Steps to Kickstart Brazilian Growth

5 Steps to Kickstart Brazilian Growth

5 Steps to Kickstart Brazilian Growth

| Click here to read the full report: http://bit.ly/1qZM9KX
| Click here to subscribe to the GED channel now: http://bit.ly/1lzyCGV
| Please share this video: http://bit.ly/1petM3H
________________________________________________
5 Steps to Kickstart Brazilian Growth
The reelection of President Dilma Rousseff (albeit by a small margin) suggests that a majority of Brazilians still believes she can steer the country out of its current malaise.
But what should be her strategy?
This is the focus of our new working paper authored by Samuel George in our Washington office in collaboration with Cornelius Fleischhaker of The World Bank.
Over

2:09

Brazil's economy

Brazil's economy

Brazil's economy

Brazil's economy. The world - and Latin America - increasingly seems to revolve around Brazil, especially with respect to economic, social and development issues. The South American giant has become a key reference point for efforts to reduce poverty, promote gender equality and export knowledge, for example.
Brazil leads many global rankings: it is the world's sixth largest economy, the fifth largest country, the second world leader in terms of number of airports and the country with the most animal species. But perhaps most importantly, since 2003, 20 million Brazilians have escaped from poverty. The Brazil sem Miseria program seeks to end

Brazil's troubled economy: Stumbling up the hill

After a decade of encouraging growth, Brazil's economy has stalled. Without substantial changes to public spending and business relations, the country may lose its momentum. For more video content from The Economist visit our website: http://econ.st/1eZWcb5

Will New Economic Measures Revive Brazil’s Economy?

Facing both political and economic problems, Brazil is attempting to revive its economy. Will the “austerity” measures work, and if so, how long will it take to see progress? Brazil Institute Global Fellow, Monica de Bolle provides analysis in this edition of CONTEXT.
Monica Baumgarten de Bolle holds a PhD in Economics from the London School of Economics. She is a former IMF Economist (2000-2005), a Professor of Macroeconomics at the Pontifical Catholic University of Rio de Janeiro (2006-Present), and a Director at the Institute for Economic Policy Studies IEPE/Casa das Garças, a think tank based in Rio de Janeiro, Brazil (2010-2014). As an

Wilson Center's Brazil Institute convened a group of experts to review President Rousseff's new austerity plan and discuss national perceptions of her economic measures.

3:02

How Powerful Is Brazil?

How Powerful Is Brazil?

How Powerful Is Brazil?

Subscribe! http://bitly.com/1iLOHml
Brazil is the largest power in Latin America, but it may have just lost sight of becoming a serious, global superpower due to a recent downturn in their economy. So how powerful is Brazil?
Learn More:
Comparing Brazilian states with countries: Compare-cabana
http://www.economist.com/content/compare-cabana
The notion that Brazil is in the vanguard of a group of emerging countries on their way to economic superpower-dom is so widely accepted as to have become trite. But how far along this road is Brazil?
What is Brazil's army for?
http://www.economist.com/blogs/americasview/2010/09/brazils_mi

13:30

Brazil's Rising Star

Brazil's Rising Star

Brazil's Rising Star

As the U.S. and most of the world's countries limp along after the crippling recession, Brazil is off and running with jobs, industry, and resources. Steve Kroft reports.

5:48

Paulo Sotero discusses the impact of Petrobras' problems on the Brazilian economy

Paulo Sotero discusses the impact of Petrobras' problems on the Brazilian economy

Paulo Sotero discusses the impact of Petrobras' problems on the Brazilian economy

CCTV America’s Phillip Yin interviewed Paulo Sotero, the Brazil Institute Director at the Woodrow Wilson Center in Washington, D.C. He discussed the state of Petrobras, the ongoing investigations, and the impact the energy company will have on the Brazilian economy.

Brazil's economy pulls itself out of recession in Q3

According to recent data, Brazil's economy has managed to pull itself out of recession- but only by the smallest of margins. The world’s seventh largest economy grew by just 0.1 percent in the third quarter of 2014.
No matter how small the margin of growth, the bump is welcome news for an economy which had registered negative results two quarters in a row.
Live @ http://www.presstv.ir/live.html
Twitter @ http://twitter.com/PressTV
LiveLeak @ http://www.liveleak.com/c/PressTV
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Google+ @ http://plus.google.com/+VideosPTV
Instagram @ http://instagram.com/presstvchannel

3:45

5 Steps to Kickstart Brazilian Growth

5 Steps to Kickstart Brazilian Growth

5 Steps to Kickstart Brazilian Growth

| Click here to read the full report: http://bit.ly/1qZM9KX
| Click here to subscribe to the GED channel now: http://bit.ly/1lzyCGV
| Please share this video: http://bit.ly/1petM3H
________________________________________________
5 Steps to Kickstart Brazilian Growth
The reelection of President Dilma Rousseff (albeit by a small margin) suggests that a majority of Brazilians still believes she can steer the country out of its current malaise.
But what should be her strategy?
This is the focus of our new working paper authored by Samuel George in our Washington office in collaboration with Cornelius Fleischhaker of The World Bank.
Over

2:09

Brazil's economy

Brazil's economy

Brazil's economy

Brazil's economy. The world - and Latin America - increasingly seems to revolve around Brazil, especially with respect to economic, social and development issues. The South American giant has become a key reference point for efforts to reduce poverty, promote gender equality and export knowledge, for example.
Brazil leads many global rankings: it is the world's sixth largest economy, the fifth largest country, the second world leader in terms of number of airports and the country with the most animal species. But perhaps most importantly, since 2003, 20 million Brazilians have escaped from poverty. The Brazil sem Miseria program seeks to end

Brazil Economy & Oil Digital Story

This digital story is to showcase how Brazil is viewed through the country's economy and oil industry.

4:38

Dilma's dilemma: Brazil's economy in rut

Dilma's dilemma: Brazil's economy in rut

Dilma's dilemma: Brazil's economy in rut

After a close election, President Dilma Rousseff is tasked with building up Brazil's economy and investor confidence without letting go of social programs.

1:47

Brazil's economy returns to the past, slower growth ahead

Brazil's economy returns to the past, slower growth ahead

Brazil's economy returns to the past, slower growth ahead

BRAZIL'S ECONOMY RETURNS TO THE PAST, SLOWER GROWTH AHEAD
ANCHOR QUESTION OFF-CAMERA (ENGLISH) SAYING: Paulo, despite all the recent monetary and fiscal stimulus, Brazil continues to disappoint in terms of economic growth and is forecast to grow less than 2% this year. What is wrong with the Brazilian economic model?
PAULO VIERA DA CUNHA, HEAD, MACRO RESEARCH AT ICE CANYON (ENGLISH) SAYING: Well, I think there are really two ways to deal with that question. I mean, one, is what is wrong with the current macro setup; and the other one is what is wrong more structurally, going back a few years to the Brazilian growth history. On the conjunct

3:00

Brazil's Economic Boom

Brazil's Economic Boom

Brazil's Economic Boom

4:41

Brazil's Economy (CNN)

Brazil's Economy (CNN)

Brazil's Economy (CNN)

CNN Content.

2:07

World Cup 2014: its impact on Brazil's economy

World Cup 2014: its impact on Brazil's economy

World Cup 2014: its impact on Brazil's economy

With millions of tourists visiting Brazil and the creation of 1 million jobs, the World Cup has no doubt boosted the country's economy, Sao Paulo, July 11, 2...

2:39

Brazil's economy at stake in presidential polls

Brazil's economy at stake in presidential polls

Brazil's economy at stake in presidential polls

Brazilians go to the polls on Sunday, to decide who their next President will be. Although it's the wealthiest country in Latin America, Brazil's economy has shrunk under the leftist President Dilma Rouseff. So would that trend continue if the country leaned towards the political right? Al Jazeera's Lucia Newman reports from Brasilia. Subscribe to our channel http://bit.ly/AJSubscribe Follow us on Twitter https://twitter.com/AJEnglish Find us on Facebook https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/

After a decade of encouraging growth, Brazil's economy has stalled. Without substantial changes to public spending and business relations, the country may lose its momentum. For more video content from The Economist visit our website: http://econ.st/1eZWcb5

After a decade of encouraging growth, Brazil's economy has stalled. Without substantial changes to public spending and business relations, the country may lose its momentum. For more video content from The Economist visit our website: http://econ.st/1eZWcb5

Facing both political and economic problems, Brazil is attempting to revive its economy. Will the “austerity” measures work, and if so, how long will it take to see progress? Brazil Institute Global Fellow, Monica de Bolle provides analysis in this edition of CONTEXT.
Monica Baumgarten de Bolle holds a PhD in Economics from the London School of Economics. She is a former IMF Economist (2000-2005), a Professor of Macroeconomics at the Pontifical Catholic University of Rio de Janeiro (2006-Present), and a Director at the Institute for Economic Policy Studies IEPE/Casa das Garças, a think tank based in Rio de Janeiro, Brazil (2010-2014). As an economist, she has authored a number of books on Brazil’s policy challenges and writes regularly for daily newspapers “O Globo” and “O Estado de São Paulo”. She also contributes economic analysis pieces to the Economist Intelligence Unit.

Facing both political and economic problems, Brazil is attempting to revive its economy. Will the “austerity” measures work, and if so, how long will it take to see progress? Brazil Institute Global Fellow, Monica de Bolle provides analysis in this edition of CONTEXT.
Monica Baumgarten de Bolle holds a PhD in Economics from the London School of Economics. She is a former IMF Economist (2000-2005), a Professor of Macroeconomics at the Pontifical Catholic University of Rio de Janeiro (2006-Present), and a Director at the Institute for Economic Policy Studies IEPE/Casa das Garças, a think tank based in Rio de Janeiro, Brazil (2010-2014). As an economist, she has authored a number of books on Brazil’s policy challenges and writes regularly for daily newspapers “O Globo” and “O Estado de São Paulo”. She also contributes economic analysis pieces to the Economist Intelligence Unit.

Subscribe! http://bitly.com/1iLOHml
Brazil is the largest power in Latin America, but it may have just lost sight of becoming a serious, global superpower due to a recent downturn in their economy. So how powerful is Brazil?
Learn More:
Comparing Brazilian states with countries: Compare-cabana
http://www.economist.com/content/compare-cabana
The notion that Brazil is in the vanguard of a group of emerging countries on their way to economic superpower-dom is so widely accepted as to have become trite. But how far along this road is Brazil?
What is Brazil's army for?
http://www.economist.com/blogs/americasview/2010/09/brazils_military
"Spend any time in Brazil and you will get used to hearing the impending football World Cup (in 2014) and Olympics (in 2016) used as justification for all manner of boondoggles."
Brazil Military Drills to Defend Amazon
http://www.nytimes.com/2014/11/09/world/americas/brazil-military-drills-to-defend-amazon-.html
Brazil's army is deploying troops this month to the far reaches of the Amazon in a military exercise simulating a foreign invasion of the rain forest, focusing attention on sensitivity over sovereignty in a region rising in importance as a strategic pillar of Latin America's largest economy.
Brazil scales back Carnival festivities as drought and weak economy persist
http://www.theguardian.com/world/2015/feb/11/brazilian-cities-scale-back-carnival-drought-economy
"Severe drought and an ailing economy have forced cities and towns across Brazil to abandon or scale back their plans for Carnival, which is due to start on Friday."
Watch More:
How Powerful Is China?
https://www.youtube.com/watch?v=4qaoz_eXM4k
Subscribe to TestTube Daily!
http://bitly.com/1iLOHml
_________________________
TestTube's new daily show is committed to answering the smart, inquisitive questions we have about life, society, politics and anything else happening in the news. It's a place where curiosity rules and together we'll get a clearer understanding of this crazy world we live in.
Watch more TestTube: http://testtube.com/testtubedailyshow/
Subscribe now! http://www.youtube.com/subscription_center?add_user=testtubenetwork
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TestTube on Facebook https://facebook.com/testtubenetwork
TestTube on Google+ http://gplus.to/TestTube
Download the New TestTube iOS app! http://testu.be/1ndmmMq
Special thanks to Evan Puschak for hosting TestTube!
Check Evan out on Twitter: https://twitter.com/TheeNerdwriter/media

Subscribe! http://bitly.com/1iLOHml
Brazil is the largest power in Latin America, but it may have just lost sight of becoming a serious, global superpower due to a recent downturn in their economy. So how powerful is Brazil?
Learn More:
Comparing Brazilian states with countries: Compare-cabana
http://www.economist.com/content/compare-cabana
The notion that Brazil is in the vanguard of a group of emerging countries on their way to economic superpower-dom is so widely accepted as to have become trite. But how far along this road is Brazil?
What is Brazil's army for?
http://www.economist.com/blogs/americasview/2010/09/brazils_military
"Spend any time in Brazil and you will get used to hearing the impending football World Cup (in 2014) and Olympics (in 2016) used as justification for all manner of boondoggles."
Brazil Military Drills to Defend Amazon
http://www.nytimes.com/2014/11/09/world/americas/brazil-military-drills-to-defend-amazon-.html
Brazil's army is deploying troops this month to the far reaches of the Amazon in a military exercise simulating a foreign invasion of the rain forest, focusing attention on sensitivity over sovereignty in a region rising in importance as a strategic pillar of Latin America's largest economy.
Brazil scales back Carnival festivities as drought and weak economy persist
http://www.theguardian.com/world/2015/feb/11/brazilian-cities-scale-back-carnival-drought-economy
"Severe drought and an ailing economy have forced cities and towns across Brazil to abandon or scale back their plans for Carnival, which is due to start on Friday."
Watch More:
How Powerful Is China?
https://www.youtube.com/watch?v=4qaoz_eXM4k
Subscribe to TestTube Daily!
http://bitly.com/1iLOHml
_________________________
TestTube's new daily show is committed to answering the smart, inquisitive questions we have about life, society, politics and anything else happening in the news. It's a place where curiosity rules and together we'll get a clearer understanding of this crazy world we live in.
Watch more TestTube: http://testtube.com/testtubedailyshow/
Subscribe now! http://www.youtube.com/subscription_center?add_user=testtubenetwork
TestTube on Twitter https://twitter.com/TestTube
Trace Dominguez on Twitter https://twitter.com/TraceDominguez
TestTube on Facebook https://facebook.com/testtubenetwork
TestTube on Google+ http://gplus.to/TestTube
Download the New TestTube iOS app! http://testu.be/1ndmmMq
Special thanks to Evan Puschak for hosting TestTube!
Check Evan out on Twitter: https://twitter.com/TheeNerdwriter/media

CCTV America’s Phillip Yin interviewed Paulo Sotero, the Brazil Institute Director at the Woodrow Wilson Center in Washington, D.C. He discussed the state of Petrobras, the ongoing investigations, and the impact the energy company will have on the Brazilian economy.

CCTV America’s Phillip Yin interviewed Paulo Sotero, the Brazil Institute Director at the Woodrow Wilson Center in Washington, D.C. He discussed the state of Petrobras, the ongoing investigations, and the impact the energy company will have on the Brazilian economy.

According to recent data, Brazil's economy has managed to pull itself out of recession- but only by the smallest of margins. The world’s seventh largest economy grew by just 0.1 percent in the third quarter of 2014.
No matter how small the margin of growth, the bump is welcome news for an economy which had registered negative results two quarters in a row.
Live @ http://www.presstv.ir/live.html
Twitter @ http://twitter.com/PressTV
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Instagram @ http://instagram.com/presstvchannel

According to recent data, Brazil's economy has managed to pull itself out of recession- but only by the smallest of margins. The world’s seventh largest economy grew by just 0.1 percent in the third quarter of 2014.
No matter how small the margin of growth, the bump is welcome news for an economy which had registered negative results two quarters in a row.
Live @ http://www.presstv.ir/live.html
Twitter @ http://twitter.com/PressTV
LiveLeak @ http://www.liveleak.com/c/PressTV
Facebook @ http://www.facebook.com/PRESSTV
Google+ @ http://plus.google.com/+VideosPTV
Instagram @ http://instagram.com/presstvchannel

| Click here to read the full report: http://bit.ly/1qZM9KX
| Click here to subscribe to the GED channel now: http://bit.ly/1lzyCGV
| Please share this video: http://bit.ly/1petM3H
________________________________________________
5 Steps to Kickstart Brazilian Growth
The reelection of President Dilma Rousseff (albeit by a small margin) suggests that a majority of Brazilians still believes she can steer the country out of its current malaise.
But what should be her strategy?
This is the focus of our new working paper authored by Samuel George in our Washington office in collaboration with Cornelius Fleischhaker of The World Bank.
Over the last 20 years, Brazil has taken crucial strides towards achieving its weighty, if elusive, economic potential.
When the country rapidly emerged from the Global Recession of 2008-2009, Brazil's momentum seemed unstoppable.
More recently, however, the country has hit growing pains.
****** Click here to download the full report: http://bit.ly/1qZM9KX ******
THE FINDINGS: The Foundation of Our Recommendations
01:35 Restoring fiscal discipline should be a top priority
01:57 Get a Handle on Inflation - A Persistent Latin American Problem
02:18 Close the Infrastructure Gap - The Good News is Foreign Investors Still Want in
02:40 Educate a 21st Century Workforce
02:58 Spark Productivity by Reducing Barriers to Trade
Click here to get to know more: http://bit.ly/1qZM9KX
| Click here to get updated about the latest news on the topic on google+ : http://bit.ly/1oigvRU
_____________________________________________________
MORE GED VIDEOS
Who Really Wins from Globalization? | GEDProject ...
… Does globalization leave behind losers who come disproportionately from disadvantaged communities? Do only a few countries really win from globalization ?
Find out an answer based on scientific research in this video : bit.ly/1o6tawP
---------------------------------
overview : Who Really Wins from Globalization ?
0:44 Globalization Index
1:07 The Results
1:33 Big Winners
2:11 What does it all mean?
3:02 What do you think?
3:21 More Videos and Subcription
_________________________________________________
MORE GED VIDEOS
What Are The Effects of Globalization?
Top White House Economic Advisor Dr. Furman Gives Answers
Click here for the interview: http://bit.ly/1pw99cS
________________________________________________
This video is part of the Global Economic Dynamics Project
Click here to visit the channel: http://bit.ly/1A62FYh
- What is the Global Economic Dynamics Project all about ?
Click on the link for a video on the GEDProject: http://bit.ly/1wFn06r
The GED Project examines the causes and effects of economic trends, as well as the connections linking one trend to another.
| Visit the GED Project Channel to watch more videos: http://bit.ly/1A62FYh
________________________________________________
MORE GED VIDEOS
| Are you interested in economic developments in Chile, Mexico, Colombia and Peru?
If so, click on the link below to watch videos that provide a lot of information on that topic:
http://bit.ly/1ttHkJE
________________________________________________
GED PROJECT
| You may also follow us on Twitter: https://twitter.com/GED_Tweet
| Visit our website to download the latest GED Project studies: http://www.ged-project.de/home/
click here to subsribe to the GED Project channel now and get updated with the latest videos:
http://bit.ly/1lzyCGV

| Click here to read the full report: http://bit.ly/1qZM9KX
| Click here to subscribe to the GED channel now: http://bit.ly/1lzyCGV
| Please share this video: http://bit.ly/1petM3H
________________________________________________
5 Steps to Kickstart Brazilian Growth
The reelection of President Dilma Rousseff (albeit by a small margin) suggests that a majority of Brazilians still believes she can steer the country out of its current malaise.
But what should be her strategy?
This is the focus of our new working paper authored by Samuel George in our Washington office in collaboration with Cornelius Fleischhaker of The World Bank.
Over the last 20 years, Brazil has taken crucial strides towards achieving its weighty, if elusive, economic potential.
When the country rapidly emerged from the Global Recession of 2008-2009, Brazil's momentum seemed unstoppable.
More recently, however, the country has hit growing pains.
****** Click here to download the full report: http://bit.ly/1qZM9KX ******
THE FINDINGS: The Foundation of Our Recommendations
01:35 Restoring fiscal discipline should be a top priority
01:57 Get a Handle on Inflation - A Persistent Latin American Problem
02:18 Close the Infrastructure Gap - The Good News is Foreign Investors Still Want in
02:40 Educate a 21st Century Workforce
02:58 Spark Productivity by Reducing Barriers to Trade
Click here to get to know more: http://bit.ly/1qZM9KX
| Click here to get updated about the latest news on the topic on google+ : http://bit.ly/1oigvRU
_____________________________________________________
MORE GED VIDEOS
Who Really Wins from Globalization? | GEDProject ...
… Does globalization leave behind losers who come disproportionately from disadvantaged communities? Do only a few countries really win from globalization ?
Find out an answer based on scientific research in this video : bit.ly/1o6tawP
---------------------------------
overview : Who Really Wins from Globalization ?
0:44 Globalization Index
1:07 The Results
1:33 Big Winners
2:11 What does it all mean?
3:02 What do you think?
3:21 More Videos and Subcription
_________________________________________________
MORE GED VIDEOS
What Are The Effects of Globalization?
Top White House Economic Advisor Dr. Furman Gives Answers
Click here for the interview: http://bit.ly/1pw99cS
________________________________________________
This video is part of the Global Economic Dynamics Project
Click here to visit the channel: http://bit.ly/1A62FYh
- What is the Global Economic Dynamics Project all about ?
Click on the link for a video on the GEDProject: http://bit.ly/1wFn06r
The GED Project examines the causes and effects of economic trends, as well as the connections linking one trend to another.
| Visit the GED Project Channel to watch more videos: http://bit.ly/1A62FYh
________________________________________________
MORE GED VIDEOS
| Are you interested in economic developments in Chile, Mexico, Colombia and Peru?
If so, click on the link below to watch videos that provide a lot of information on that topic:
http://bit.ly/1ttHkJE
________________________________________________
GED PROJECT
| You may also follow us on Twitter: https://twitter.com/GED_Tweet
| Visit our website to download the latest GED Project studies: http://www.ged-project.de/home/
click here to subsribe to the GED Project channel now and get updated with the latest videos:
http://bit.ly/1lzyCGV

Brazil's economy. The world - and Latin America - increasingly seems to revolve around Brazil, especially with respect to economic, social and development issues. The South American giant has become a key reference point for efforts to reduce poverty, promote gender equality and export knowledge, for example.
Brazil leads many global rankings: it is the world's sixth largest economy, the fifth largest country, the second world leader in terms of number of airports and the country with the most animal species. But perhaps most importantly, since 2003, 20 million Brazilians have escaped from poverty. The Brazil sem Miseria program seeks to end poverty by 2015.

Brazil's economy. The world - and Latin America - increasingly seems to revolve around Brazil, especially with respect to economic, social and development issues. The South American giant has become a key reference point for efforts to reduce poverty, promote gender equality and export knowledge, for example.
Brazil leads many global rankings: it is the world's sixth largest economy, the fifth largest country, the second world leader in terms of number of airports and the country with the most animal species. But perhaps most importantly, since 2003, 20 million Brazilians have escaped from poverty. The Brazil sem Miseria program seeks to end poverty by 2015.

BRAZIL'S ECONOMY RETURNS TO THE PAST, SLOWER GROWTH AHEAD
ANCHOR QUESTION OFF-CAMERA (ENGLISH) SAYING: Paulo, despite all the recent monetary and fiscal stimulus, Brazil continues to disappoint in terms of economic growth and is forecast to grow less than 2% this year. What is wrong with the Brazilian economic model?
PAULO VIERA DA CUNHA, HEAD, MACRO RESEARCH AT ICE CANYON (ENGLISH) SAYING: Well, I think there are really two ways to deal with that question. I mean, one, is what is wrong with the current macro setup; and the other one is what is wrong more structurally, going back a few years to the Brazilian growth history. On the conjunctural side, on the short end, I mean, there are some growing macro imbalances. I mean, inflation is consistently above the target. The fiscal accounts are no longer producing the kind of primary surplus that will stabilize the debt-to-GDP ratio which is a key indicator for investors. The economy as you noted is growing very poorly and the current account and particularly the trade deficit that use the trade surplus, that used to be such a major positive factor for the Brazilian economy has practically dwindled to zero with current account deficit nearing $80 billion. So there are a number of short term adjustments that need to be made. And all of that focuses on the fiscal accounts. And because they focus on the fiscal accounts there's very little expectation that anything will be done until the elections.

BRAZIL'S ECONOMY RETURNS TO THE PAST, SLOWER GROWTH AHEAD
ANCHOR QUESTION OFF-CAMERA (ENGLISH) SAYING: Paulo, despite all the recent monetary and fiscal stimulus, Brazil continues to disappoint in terms of economic growth and is forecast to grow less than 2% this year. What is wrong with the Brazilian economic model?
PAULO VIERA DA CUNHA, HEAD, MACRO RESEARCH AT ICE CANYON (ENGLISH) SAYING: Well, I think there are really two ways to deal with that question. I mean, one, is what is wrong with the current macro setup; and the other one is what is wrong more structurally, going back a few years to the Brazilian growth history. On the conjunctural side, on the short end, I mean, there are some growing macro imbalances. I mean, inflation is consistently above the target. The fiscal accounts are no longer producing the kind of primary surplus that will stabilize the debt-to-GDP ratio which is a key indicator for investors. The economy as you noted is growing very poorly and the current account and particularly the trade deficit that use the trade surplus, that used to be such a major positive factor for the Brazilian economy has practically dwindled to zero with current account deficit nearing $80 billion. So there are a number of short term adjustments that need to be made. And all of that focuses on the fiscal accounts. And because they focus on the fiscal accounts there's very little expectation that anything will be done until the elections.

Brazilians go to the polls on Sunday, to decide who their next President will be. Although it's the wealthiest country in Latin America, Brazil's economy has shrunk under the leftist President Dilma Rouseff. So would that trend continue if the country leaned towards the political right? Al Jazeera's Lucia Newman reports from Brasilia. Subscribe to our channel http://bit.ly/AJSubscribe Follow us on Twitter https://twitter.com/AJEnglish Find us on Facebook https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/

Brazilians go to the polls on Sunday, to decide who their next President will be. Although it's the wealthiest country in Latin America, Brazil's economy has shrunk under the leftist President Dilma Rouseff. So would that trend continue if the country leaned towards the political right? Al Jazeera's Lucia Newman reports from Brasilia. Subscribe to our channel http://bit.ly/AJSubscribe Follow us on Twitter https://twitter.com/AJEnglish Find us on Facebook https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/

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75:13

China, India, Brazil and South Africa In The World Economy Part 1 | The New School

China, India, Brazil and South Africa In The World Economy Part 1 | The New School

China, India, Brazil and South Africa In The World Economy Part 1 | The New School

The New School for Public Engagement is a division of The New School, a university in New York City offering distinguished graduate programs in non-profit ma...

30:24

China, India, Brazil and South Africa In The World Economy Part 2 | The New School

China, India, Brazil and South Africa In The World Economy Part 2 | The New School

China, India, Brazil and South Africa In The World Economy Part 2 | The New School

China, India, Brazil and South Africa In The World Economy Part 2 THE NEW SCHOOL FOR SOCIAL RESEARCH | http://www.newschool.edu/nssr This lecture analyzes th...

87:24

Economic Policy and Social Movements in Brazil, IDS Sussex Development Lecture

Economic Policy and Social Movements in Brazil, IDS Sussex Development Lecture

Economic Policy and Social Movements in Brazil, IDS Sussex Development Lecture

Professor Alfredo Saad-Filho (SOAS) willl examine the recent protest movements in Brazil. Alfredo Saad-Filho is professor of political economy at the School ...

25:17

Global Perspectives: Brazil: Growing Economy and Rising Middle Class

Global Perspectives: Brazil: Growing Economy and Rising Middle Class

Global Perspectives: Brazil: Growing Economy and Rising Middle Class

Decades of political stability have allowed Brazil to rival China and India as an economic entity. Latin American studies scholar Terry McCoy outlines what t...

23:38

Why Is Brazil an Emerging Market Economy?

Why Is Brazil an Emerging Market Economy?

Why Is Brazil an Emerging Market Economy?

Panorama view of Brazil in the international press. In 2001, Jim O'Neill, the head of global economic research at Goldman Sachs, coined the acronym "BRICs" t...

24:46

Looking Ahead to 2015 and Risks to the World Economy

Looking Ahead to 2015 and Risks to the World Economy

Looking Ahead to 2015 and Risks to the World Economy

Hedge fund manager Paul Singer, founder and president of Elliott Management Corporation, on global financial and political issues and the risks they engender.
From the 2014 New York Times DealBook Conference

115:32

PBS Commanding Heights Ep3 The New Rules of the Game DivX6

PBS Commanding Heights Ep3 The New Rules of the Game DivX6

PBS Commanding Heights Ep3 The New Rules of the Game DivX6

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This Youtube channel is for learning and educational purposes. Learning and Education are fundamental and important in today's society and becoming increasingly more accessible and convenient online. The availability of important information which is also entertaining helps everyone grow mentally and emotionally as people both individually and as a whole. Documentaries are the resource of choice of t

70:55

Brazil in 2013: Economic and Political Prospects

Brazil in 2013: Economic and Political Prospects

Brazil in 2013: Economic and Political Prospects

AS/COA hosted the panel 'Brazil in 2013: Economic and Political Prospects.' Panelists discussed key issues for Brazil's economy and politics next year, inclu...

76:19

Carlos Marcio Cozendey: Brazil in the Global Economy

Carlos Marcio Cozendey: Brazil in the Global Economy

Carlos Marcio Cozendey: Brazil in the Global Economy

Carlos Marcio Cozendey, Brazil's deputy minister of finance and G-20 sherpa, discusses Brazil and its role in the global economy on April 14, 2014, at the Pe...

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The 1964 Brazilian coup d'état (Portuguese: Golpe de estado no Brasil em 1964 or, more colloquially, Portuguese: Golpe de 64), names a series of events that ...
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Hedge fund manager Paul Singer, founder and president of Elliott Management Corporation, on global financial and political issues and the risks they engender.
From the 2014 New York Times DealBook Conference

Hedge fund manager Paul Singer, founder and president of Elliott Management Corporation, on global financial and political issues and the risks they engender.
From the 2014 New York Times DealBook Conference

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2015 2014
This Youtube channel is for learning and educational purposes. Learning and Education are fundamental and important in today's society and becoming increasingly more accessible and convenient online. The availability of important information which is also entertaining helps everyone grow mentally and emotionally as people both individually and as a whole. Documentaries are the resource of choice of the information and internet generations of students around the world. The documentary here along with the other documentaries on this channel relate to important times and people in history, historic places, archaeology, society, world culture, science, conspiracy theories, and education.
The topics covered in these video documentaries vary and cover about everything you could possibly want to know including ancient history, Maya, Rome, Greece, The New World, Egypt, World wars, combat, battles, military and combat technology, current affairs and events, important news, education, biographies, famous people and celerities, politicians, news and current events, Illuminati, Area 51, crime, mafia, serial killers, paranormal, supernatural, cults, government cover-ups, the law and legal matters, corruption, martial arts, sports figures, space, aliens, ufos, conspiracy theories, Annunaki, Nibiru, Nephilim, satanic rituals, religion, christianty, judaism, islam, strange phenomenon, origins of mankind, monsters, mobsters, time travel, planet earth, the Sun, Missions to Mars, The planets, the solar system, the universe, modern physics, String Theory, the Big Bang Theory, Quantum Mechanics, television, archaeology, science, technology, nature, plants, animals, endangered species, pets, wildlife, animal abuse, environmental concerns and issues, global warming, natural disasters, racism, sexism, gay and lesbian issues, and many other educational and controversial topics. Please enjoy and Learn Responsibly!

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2015 2014
This Youtube channel is for learning and educational purposes. Learning and Education are fundamental and important in today's society and becoming increasingly more accessible and convenient online. The availability of important information which is also entertaining helps everyone grow mentally and emotionally as people both individually and as a whole. Documentaries are the resource of choice of the information and internet generations of students around the world. The documentary here along with the other documentaries on this channel relate to important times and people in history, historic places, archaeology, society, world culture, science, conspiracy theories, and education.
The topics covered in these video documentaries vary and cover about everything you could possibly want to know including ancient history, Maya, Rome, Greece, The New World, Egypt, World wars, combat, battles, military and combat technology, current affairs and events, important news, education, biographies, famous people and celerities, politicians, news and current events, Illuminati, Area 51, crime, mafia, serial killers, paranormal, supernatural, cults, government cover-ups, the law and legal matters, corruption, martial arts, sports figures, space, aliens, ufos, conspiracy theories, Annunaki, Nibiru, Nephilim, satanic rituals, religion, christianty, judaism, islam, strange phenomenon, origins of mankind, monsters, mobsters, time travel, planet earth, the Sun, Missions to Mars, The planets, the solar system, the universe, modern physics, String Theory, the Big Bang Theory, Quantum Mechanics, television, archaeology, science, technology, nature, plants, animals, endangered species, pets, wildlife, animal abuse, environmental concerns and issues, global warming, natural disasters, racism, sexism, gay and lesbian issues, and many other educational and controversial topics. Please enjoy and Learn Responsibly!

Brazil fashion attracts international attention

music/video/performance rights must be cleared
No re-use/re-sale of film/video/performance clips without clearance
S�o Paulo, Brazil - 13 June, 2010
1. Paris Hilton at Triton Spring/Summer show
2. Various of Triton Spring/Summer show
3. More of Paris Hilton at Triton Spring/Summer show
S�o Paulo, Brazil - 11 June, 2010
4. SOUNDBITE: (Portuguese) Paulo Borges, Director of S�o Paulo Fashion Week:
"Brazil is doing very well economically. Brazil has become a centre of global attention economically, it's growing a lot. It's consolidating its position as one of the world's economic powers, and it's very strong creatively, there is a l

1:47

International Trade Minister Day inaugurates trade office

International Trade Minister Day inaugurates trade office

International Trade Minister Day inaugurates trade office

1. Various of city
2. Pan up of JCPM Trace centre building where Canadian trade office has opened
3. Various of officials at inauguration of Canadian trade office
4. Mid of Stockwell Day, Canadian International Trade Minister and Minister for the Asia-Pacific Gateway
5. Wide of Day speaking at podium
6. Mid of Day unveiling plaque
7. SOUNDBITE: (English) Stockwell Day, Canadian International Trade Minister and Minister for the Asia-Pacific Gateway:
"We open the office here as a sign that we believe there are great opportunities for our people in Canada and Brazil and we want to see the already positive economic relationship become

3:19

ARGENTINA: ECONOMY

ARGENTINA: ECONOMY

ARGENTINA: ECONOMY

Spanish/Nat
XFA
Argentina is banking on a 40-million dollar I-M-F-World Bank bailout to kickstart its flailing economy, as it continues to feel the effects of years of recession.
The Argentinian government has created an emergency credit package called "Blindaje," Spanish for "a protective shield" to be spent on debt relief and improving infrastructure.
The financial assistance comes on the tail of a dire start to the millennium for Argentina.
With unemployment currently hovering at fifteen percent, groups of unemployed workers protest nearly every week outside the Ministry of Labour, banging drums to get attention.
Argentina has

2:13

Brazil - Ricupero's Emotional Resignation

Brazil - Ricupero's Emotional Resignation

Brazil - Ricupero's Emotional Resignation

Economy Minister Rubens Ricupero said Sunday (4/9) he had resigned
over comments overheard by television viewers that have thrown
Brazil's politics into disarray just one month before elections.
A tearful Ricupero told a news conference he was quitting after
boasting to a television reporter that he was using an
anti-inflation plan to boost presidential front-runner Fernando
Henrique Cardoso. "
SHOWS:
BRAZILIA, BRAZIL. 4-5/9
man at news-stand
newspapers
studio where minister talked about his thoughts
Economy Minister Rubens Ricupero explaining his resignation
opening political tv election
minister resigning tearfully
new

2:41

USA / BRAZIL: BRAZILIAN PRESIDENT HENRIQUE CARDOSO ECONOMY PLAN

USA / BRAZIL: BRAZILIAN PRESIDENT HENRIQUE CARDOSO ECONOMY PLAN

USA / BRAZIL: BRAZILIAN PRESIDENT HENRIQUE CARDOSO ECONOMY PLAN

Portuguese/Nat
Brazil's President insists he is committed to the anti-inflation plan his government undertook ten months ago and will make the economic reforms necessary for its success.
President Fernando Henrique Cardoso was speaking in New York to U-S businessmen who attended a luncheon arranged by eight Brazilian-American organisations.
His government's Real Plan has seen inflation dive to just under four percent for the first quarter of 1995. Last year, it was running at 40 percent a month.
It was an upbeat speech for the Brazilian President, Henrique Cardoso.
Since his government introduced its Real Plan to reform the c

2:18

BRAZIL: FREE TRADE ISSUE CRUCIAL DURING COMING VISIT BY BILL CLINTON

BRAZIL: FREE TRADE ISSUE CRUCIAL DURING COMING VISIT BY BILL CLINTON

BRAZIL: FREE TRADE ISSUE CRUCIAL DURING COMING VISIT BY BILL CLINTON

English/Nat
As Brazil prepares for the visit of U-S President Bill Clinton on Monday, the issue of free trade within the Americas is undoubtedly a hot one.
Brazil and the U-S have different positions with regard to the Free Trade Area of the Americas - an economic integration project due to be completed by 2005.
While the U-S wants to accelerate the process, Brazil wants to strengthen it's ties with other regional trade blocs before opening up its markets.
Brazil has been described by many as an economic waking giant in South America.
It is home to a vast consuming market and an economy in growth.
Brazil is preparing for U-S

2:47

BRAZIL: PEOPLE HIT HARD BY GOVERNMENT'S NEW ECONOMIC MEASURES

BRAZIL: PEOPLE HIT HARD BY GOVERNMENT'S NEW ECONOMIC MEASURES

BRAZIL: PEOPLE HIT HARD BY GOVERNMENT'S NEW ECONOMIC MEASURES

Portuguese/Nat
The people of Brazil are facing a harder time this week after the government took hard measures to tighten the country's economy in the wake of stock market turmoil.
The government has introduced price hikes on fuel, car tax and goods such as alcohol since Saturday as part of an 18 (b) billion U-S dollar savings plan.
Brazil, the world's tenth largest economy, faces months of economic austerity ahead as a result of a sudden crisis in foreign investor confidence.
Brazil's economy has been battered about in recent weeks by speculative attacks on its three-year-old currency, the real.
Spending is down, while ta

2:34

ARGENTINA: GOVERNMENT ANNOUNCES SEVERE ECONOMIC PACKAGE

ARGENTINA: GOVERNMENT ANNOUNCES SEVERE ECONOMIC PACKAGE

ARGENTINA: GOVERNMENT ANNOUNCES SEVERE ECONOMIC PACKAGE

Spanish/Nat
Argentina is bracing itself as Brazil - its main trading partner - has announced a severe economic package that raises taxes and puts up prices on fuel and alcohol.
Argentina's President Carlos Menem has said exporters must find new markets to exploit, and some economists say the fact the Argentine economy is not export- dependent will protect it.
Nevertheless, Ford Argentina has said it has suspended exports to Brazil and has even stopped production of some cars.
Last week the Brazilian government announced an economic package which many in Argentina fear will effect trade between the South American neighbours.

3:13

BRAZIL: MONEY DAY CELEBRATIONS

BRAZIL: MONEY DAY CELEBRATIONS

BRAZIL: MONEY DAY CELEBRATIONS

Portuguese/Nat
Brazilians celebrated 'Money Day' amid fear and expectations of strong austerity measures from the government.
Consumers are confident that the government will be able to handle the financial crisis currently affecting Latin America's biggest economy.
Re-elected President Fernando Henrique Cardoso has asked his economic advisors to draw up a fiscal adjustment plan which will help to secure International Monetary Fund cash by October 20.
The Brazilian stock market has kicked off on a firmer note this week.
The country's blue chip Bovespa index rose over 2 percent on Tuesday setting a positive mood for the country and f

2:38

BRAZIL: RIO: MEASURES ANNOUNCED TO STEM ECONOMIC COLLAPSE

BRAZIL: RIO: MEASURES ANNOUNCED TO STEM ECONOMIC COLLAPSE

BRAZIL: RIO: MEASURES ANNOUNCED TO STEM ECONOMIC COLLAPSE

Portuguese/Nat
As the world's economic crisis continues, the Brazilian government has announced
austerity measures in an effort to stem economic collapse.
The president also called on rich nations to set up an emergency fund to help Latin America fend off an "imported crisis" as dollars continue to fly out of the country.
As fears of a possible currency devaluation continue, banking unions have announced that they are considering strike action following months without pay increase.
Brazil is currently losing 500 (m) million U-S dollars a day.
With presidential elections due on October 4, President Henrique Cardoso's governme

2:39

BRAZIL: WORLD CONCERN OVER COUNTRY'S ECONOMIC CRISIS

BRAZIL: WORLD CONCERN OVER COUNTRY'S ECONOMIC CRISIS

BRAZIL: WORLD CONCERN OVER COUNTRY'S ECONOMIC CRISIS

Eng/Portu/Nat
The United States and other major industrialised nations are deeply concerned about Brazil, the latest country to come under threat from the global economic crisis.
As U-S President Clinton convened a meeting in Washington of delegates from 22 nations - U-S officials worked behind the scenes on a multibillion-dollar rescue package for Brazil.
With initial results indicating Fernando Cardoso will be the first Brazilian president ever to win re-election, he must now prepare for an even tougher test.
Harsh austerity measures will have to be imposed to halt Brazil's economic meltdown in return for help from the I-M-F.

2:43

BRAZIL: ELECTION CAMPAIGNING ENDS IN MIDST OF FINANCIAL CRISIS

BRAZIL: ELECTION CAMPAIGNING ENDS IN MIDST OF FINANCIAL CRISIS

BRAZIL: ELECTION CAMPAIGNING ENDS IN MIDST OF FINANCIAL CRISIS

Portuguese/Nat
A bailout package for Brazil worth around 30 (b) billion dollars looks set to be announced after Sunday's presidential elections in the country.
Candidates have wrapped up their election campaigns in the midst of a deep financial crisis engulfing South America's biggest economy.
Much of the electorate fears the government may have to take austerity measures in return for an expected global aid package.
But expectations that tougher times will hit soon do not seem to have turned many Brazilians against their president ahead of polling day.
President Fernando Henrique Cardoso appeared to be well out in front of his

2:30

LATIN AMERICA: ECONOMIC INSTABILITY HITS REGION HARD

LATIN AMERICA: ECONOMIC INSTABILITY HITS REGION HARD

LATIN AMERICA: ECONOMIC INSTABILITY HITS REGION HARD

Spanish/Nat
As the world's financial crisis continues, economists in Latin America are monitoring the Brazilian economy closely fearful of the possible knock-on effect of a devaluation.
On Wednesday Brazil called for rich nations to set up an emergency fund to help Latin America fend off an 'imported crisis' as dollars continue to fly out of the region.
In Argentina and Venezuela, high street spending has dropped by 30 to 40 per cent, and many stores are feeling the pressure.
On Wednesday Brazilian President Henrique Cardoso called on industrialised nations to give money to the International Monetary Fund to set up a 'contingenc

2:09

BRAZIL: RIO: NEW TAXI SERVICE FOR PETS

BRAZIL: RIO: NEW TAXI SERVICE FOR PETS

BRAZIL: RIO: NEW TAXI SERVICE FOR PETS

Portuguese/Nat
For one section of the Brazilian economy there is no economic crisis, despite the austerity measures being imposed to combat the threat of recession.
Pets are big business in Brazil and the pet market is growing at an average of 20 percent every month.
Now, a new taxi service for pets is being offered, cashing in on the boom.
This taxi is picking up a very important customer.
But, it's not this woman who'll be getting a lift.
Rather, it's her dogs.
Brazil is the third largest market for pet food and pet products.
And this taxi driver has thought up a new way to cash in on the boom.
In a country where

2:58

Brazil - Election preview

Brazil - Election preview

Brazil - Election preview

T/I: 11:05:22
With recession and record unemployment looming, President Fernando Henrique Cardoso wants another chance to fix Brazil's battered economy. However, for weeks, all major polls show Cardoso, a 67-year-old sociologist, should have enough votes to win re-election on the first ballot in Sunday's national elections.
SHOWS:
SAO PAULO, BRAZIL 03/10
VS of campaigners in Sao Paulo;
FHC CAMPAIGN PRESS OFFICE, SALVADOR, BRAZIL - RECENT
President Fernando Henrique Cardoso arriving at rally;
CA to CU of supporter;
Pull out from Cardoso at rally;
SOT (Portuguese) Fernando Henrique Cardoso, President of Brazil and presiden

2:39

UK: BRAZILIAN PRESIDENT CARDOSA ON THE BRAZILIAN ECONOMY

UK: BRAZILIAN PRESIDENT CARDOSA ON THE BRAZILIAN ECONOMY

UK: BRAZILIAN PRESIDENT CARDOSA ON THE BRAZILIAN ECONOMY

Portuguese/Nat
Brazilian President Fernando Henrique Cardoso has defended his country's financial system following claims that there have been serious irregularities at the country's Central Bank.
Documents were found on Monday at the home of former Central Bank President, Francisco Lopes, which suggest he had leaked inside information for personal profit.
Speaking in London on the final day of a two-day visit, Cardoso insisted that his country's economy was on the mend following the three month economic crisis.
Cardoso also defended NATO's actions against Serb forces.
The discovery of documents at the home of the former Centra

4:12

USA: BRAZILIAN FINANCE MINISTER MALAN PRESS CONFERENCE

USA: BRAZILIAN FINANCE MINISTER MALAN PRESS CONFERENCE

USA: BRAZILIAN FINANCE MINISTER MALAN PRESS CONFERENCE

Eng/Portu/Nat
Brazil's Finance Minister Pedro Malan met the heads of some of the world's leading financial institutions on Wednesday to discuss his country's financial crisis.
Brazil's Senate passed a key austerity measure on Tuesday, boosting a government drive to shore up the country's ailing economy.
The Senate vote is a boost for Brazil after it devalued its currency last week.
The Brazilian Finance Minister has been in Washington since Friday to have discussions about the crisis.
Then Pedro Malan went to New York to for discussions top international bankers.
The United States fears that if Brazil suffers an Asian-style

2:07

ARGENTINA: KNOCK ON EFFECT OF BRAZIL'S DAMAGED ECONOMY

ARGENTINA: KNOCK ON EFFECT OF BRAZIL'S DAMAGED ECONOMY

ARGENTINA: KNOCK ON EFFECT OF BRAZIL'S DAMAGED ECONOMY

Spanish/Nat
The knock on effect of economic recession and currency devaluation in Brazil is crippling industry in Argentina and costing thousands of jobs.
Economists say Argentina has suffered a 30 per cent drop in trade with Brazil whose aggressive efforts to recover have also lured away foreign investments.
Many major brand manufacturers have decamped to Brazil in recent months costing Argentina an estimated 300-thousand jobs.
On Friday, President Fernando De la Rúa declared Argentina in a critical condition.
His reference to the country's ailing economy followed opposition attempts to block measures he says will stimulate

2:58

BRAZIL: CHRISTMAS

BRAZIL: CHRISTMAS

BRAZIL: CHRISTMAS

Portuguese/Nat
With its economy recovering fast, interest rates coming down and credit opportunities improving, Brazil is getting ready for its best Christmas since the creation of the real (Brazilian currency), in 1993.
But if this is good news for the middle and upper classes, the millions of people that live in poverty, are not expecting much from Christmas.
For the 60 thousand residents of the shanty town of Capao Redondo, to the south of Sao Paulo, there are few signs that Christmas is approaching.
The shanty town is considered to be one of the most violent in Sao Paulo with an average death toll of 5 people per week, attri

1. Various of news stand in downtown Rio
2. Various setup shots of Economist Alberto Furuguem reading today's newspapers headlines on Argentinean crisis
3. SOUNDBITE: (Portuguese) Alberto Furuguem, Economist
"At some point Argentina will have to adopt a more flexible exchange rate policy, they will be forced to devaluate the peso, and from there I think that the Argentinean economy could start the process of recovering, and the entire economic lives of Brazil and Mercosur can improve."
Question: "So, the atmosphere of the Brazilian economy is of expectation, but not of pessimism?"
Furuguem: "It's an atmosphere of expectation. But, I thi

2:45

Brazilians worried about neighbour's economic crisis

Brazilians worried about neighbour's economic crisis

Brazilians worried about neighbour's economic crisis

1. Zoom out from newspaper headlines to wide shot of man reading newspaper at newspaper stand
2. Various shots of shopping district in Rio
3. Set up of shop owner Marinilza Carvalho Silva
4.SOUNDBITE (Portuguese) Marinilza Carvalho Silva, shop owner:
"We are waiting to see if things get better there. Here, the commerce in general is expectant. Let's wait and see what is going to happen."
5. Various interiors of shopping centre
6. Set up of Jose Augusto de Castro, director of Brazilian Exterior Commerce Association
7. SOUNDBITE (Portuguese) Jose Augusto de Castro, Director of Brazilian Exterior Commerce Association:
"In 2002 we will

3:54

State of Brazilian economy ahead of US trade visit

State of Brazilian economy ahead of US trade visit

State of Brazilian economy ahead of US trade visit

SHOTLIST
August 1, 2002
1. Wide shot people in the streets
2. People in the street
3. Zoom out newspapers hanging at news stand
4. Close up newspaper headline (Speculation takes the exchange rate to 3,47 Reals)
5 Close up newspaper headline (Brazilian crisis threatens Latin America)
6. Zoom in from exterior of Exchange Bureau to Exchange rate board
7. Close up exchange rates
8. SOUNDBITE: (Portuguese) Vox pop:
"I think it is driving everybody crazy. Honestly, I am terrified. I hear them saying that it is going to come down but all it does is go up"
9. Pan exterior Exchange Bureau
10. Close up counting dollar bills
11. Woman gi

2:25

IMF presser praises Latin America's struggling economies

IMF presser praises Latin America's struggling economies

IMF presser praises Latin America's struggling economies

1. Wide of presser
2. Cutaway presser
3. Cutaway press
4. SOUNDBITE: (English) Anne Krueger, Deputy Managing Director, I-M-F: "In the case of Brazil as I have already mentioned, we see a very reasonably prudent macro-economic stance. We see a lot of reform measures having been put in place. We see an inflation-targeting regime, floating exchange rates, a number of measures that underpin the Brazilian economy. Brazil has had a combination of bad luck: the energy shortage, and then the worldwide recession coming on top of the Presidential election, but it is our role to support those countries where policies show promise and where there is

music/video/performance rights must be cleared
No re-use/re-sale of film/video/performance clips without clearance
S�o Paulo, Brazil - 13 June, 2010
1. Paris Hilton at Triton Spring/Summer show
2. Various of Triton Spring/Summer show
3. More of Paris Hilton at Triton Spring/Summer show
S�o Paulo, Brazil - 11 June, 2010
4. SOUNDBITE: (Portuguese) Paulo Borges, Director of S�o Paulo Fashion Week:
"Brazil is doing very well economically. Brazil has become a centre of global attention economically, it's growing a lot. It's consolidating its position as one of the world's economic powers, and it's very strong creatively, there is a lot of creative diversity. I think all of this will increasingly influence everyone's interest in Brazil."
5. Various of hair stylists and make-up artists preparing models for fashion show
6. SOUNDBITE: (Portuguese) Jo�o Pimenta, fashion designer:
"I think that what people look for is originality. Our country is so diverse, with so many cultures and such a mix of races, and I imagine that people abroad are curious about that."
S�o Paulo, Brazil - 13 June 2010
7. Various of Jo�o Pimenta's men's fashion show
8. Various of Gisele B�ndchen modelling in Colcci fashion show
9. Wide of Carolina Gold and Pitty Taliani, designers for Amap�, making adjustments to a model's outfit
10. SOUNDBITE: (Portuguese) Carolina Gold, co-designer for Amap�:
"All the brands now have a Brazilian identity. When S�o Paulo Fashion Week first started, everyone looked outward. Now, they don't. Now they look inward, everyone creates a fashion that is Brazilian. So that's very good. People look at Brazil and see that there is a desire for fashion, Brazil is starting to have a strong fashion culture, and this is very important for the credibility of the Brazilian fashion market."
11. Various of backstage area of Amap�, clothes on racks
S�o Paulo, Brazil - 11 June 2010
12. Various of Wilson Ranieri fashion show
LEAD IN :
Brazil's most prominent designers hit the runways this week for the Spring/Summer 2011 shows at S�o Paulo Fashion Week.
Currently the world's fifth-largest fashion event, it drew large crowds of invited guests as well as swarms of journalists and photographers, from both Brazil and elsewhere.
STORYLINE:
The presence of US Celebrity Paris Hilton on the catwalk at S�o Paulo Fashion Week is proof that the Brazilian fashion industry is attracting international attention.
The city may not yet rival New York, Paris, London or Milan as a must-see event in the fashion editor's diary but organisers hope it soon will.
Paulo Borges, Director of S�o Paulo Fashion Week, says that the country's recent economic growth and pool of creative talent draws international attention to what was once just a local event.
"Brazil is doing very well economically. Brazil has become a centre of global attention economically, it's growing a lot. It's consolidating its position as one of the world's economic powers, and it's very strong creatively, there is a lot of creative diversity. I think all of this will increasingly influence everyone's interest in Brazil."
Brazil boasts a stable, growing economy.
By the time Rio de Janeiro hosts the 2016 Olympic Games, the country is forecast to be the world's fifth-largest economy.
S�o Paulo Fashion Week boasts thirty-nine fashion shows during its six-day run, and cost R$13 million ($7 million approx), according to organisers.
The annual event which began in 1996, employs 2,500 people directly, and more than 5,000 indirectly.
The Brazilian fashion industry itself has 30,000 businesses, which employs nearly 2 million people.
This was the first S�o Paulo Fashion Week for Jo�o Pimenta with his men's clothing brand.
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music/video/performance rights must be cleared
No re-use/re-sale of film/video/performance clips without clearance
S�o Paulo, Brazil - 13 June, 2010
1. Paris Hilton at Triton Spring/Summer show
2. Various of Triton Spring/Summer show
3. More of Paris Hilton at Triton Spring/Summer show
S�o Paulo, Brazil - 11 June, 2010
4. SOUNDBITE: (Portuguese) Paulo Borges, Director of S�o Paulo Fashion Week:
"Brazil is doing very well economically. Brazil has become a centre of global attention economically, it's growing a lot. It's consolidating its position as one of the world's economic powers, and it's very strong creatively, there is a lot of creative diversity. I think all of this will increasingly influence everyone's interest in Brazil."
5. Various of hair stylists and make-up artists preparing models for fashion show
6. SOUNDBITE: (Portuguese) Jo�o Pimenta, fashion designer:
"I think that what people look for is originality. Our country is so diverse, with so many cultures and such a mix of races, and I imagine that people abroad are curious about that."
S�o Paulo, Brazil - 13 June 2010
7. Various of Jo�o Pimenta's men's fashion show
8. Various of Gisele B�ndchen modelling in Colcci fashion show
9. Wide of Carolina Gold and Pitty Taliani, designers for Amap�, making adjustments to a model's outfit
10. SOUNDBITE: (Portuguese) Carolina Gold, co-designer for Amap�:
"All the brands now have a Brazilian identity. When S�o Paulo Fashion Week first started, everyone looked outward. Now, they don't. Now they look inward, everyone creates a fashion that is Brazilian. So that's very good. People look at Brazil and see that there is a desire for fashion, Brazil is starting to have a strong fashion culture, and this is very important for the credibility of the Brazilian fashion market."
11. Various of backstage area of Amap�, clothes on racks
S�o Paulo, Brazil - 11 June 2010
12. Various of Wilson Ranieri fashion show
LEAD IN :
Brazil's most prominent designers hit the runways this week for the Spring/Summer 2011 shows at S�o Paulo Fashion Week.
Currently the world's fifth-largest fashion event, it drew large crowds of invited guests as well as swarms of journalists and photographers, from both Brazil and elsewhere.
STORYLINE:
The presence of US Celebrity Paris Hilton on the catwalk at S�o Paulo Fashion Week is proof that the Brazilian fashion industry is attracting international attention.
The city may not yet rival New York, Paris, London or Milan as a must-see event in the fashion editor's diary but organisers hope it soon will.
Paulo Borges, Director of S�o Paulo Fashion Week, says that the country's recent economic growth and pool of creative talent draws international attention to what was once just a local event.
"Brazil is doing very well economically. Brazil has become a centre of global attention economically, it's growing a lot. It's consolidating its position as one of the world's economic powers, and it's very strong creatively, there is a lot of creative diversity. I think all of this will increasingly influence everyone's interest in Brazil."
Brazil boasts a stable, growing economy.
By the time Rio de Janeiro hosts the 2016 Olympic Games, the country is forecast to be the world's fifth-largest economy.
S�o Paulo Fashion Week boasts thirty-nine fashion shows during its six-day run, and cost R$13 million ($7 million approx), according to organisers.
The annual event which began in 1996, employs 2,500 people directly, and more than 5,000 indirectly.
The Brazilian fashion industry itself has 30,000 businesses, which employs nearly 2 million people.
This was the first S�o Paulo Fashion Week for Jo�o Pimenta with his men's clothing brand.
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1. Various of city
2. Pan up of JCPM Trace centre building where Canadian trade office has opened
3. Various of officials at inauguration of Canadian trade office
4. Mid of Stockwell Day, Canadian International Trade Minister and Minister for the Asia-Pacific Gateway
5. Wide of Day speaking at podium
6. Mid of Day unveiling plaque
7. SOUNDBITE: (English) Stockwell Day, Canadian International Trade Minister and Minister for the Asia-Pacific Gateway:
"We open the office here as a sign that we believe there are great opportunities for our people in Canada and Brazil and we want to see the already positive economic relationship become even stronger."
8. Mid of Day
9. SOUNDBITE: (English) Stockwell Day, Canadian International Trade Minister and Minister for the Asia-Pacific Gateway:
"The northeast (of Brazil) is experiencing considerable growth with the port of Suape and the vision of the government here to see that become a hub regionally. That's going to have a great effect, even internationally. So we see continued opportunities for the people of Brazil and the people of Canada in this particular region."
10. Close of plaque
STORYLINE:
The Canadian Minister for International Trade inaugurated a new trade office in the Brazilian city of Recife on Friday, which he said would strengthen trade and investment relations between the two countries.
Stockwell Day said the office, Canada's fifth in Brazil, would take full advantage of the growing economic and trade activity in the country's northeastern region.
"We open the office here as a sign that we believe there are great opportunities for our people in Canada and Brazil and we want to see the already positive economic relationship become even stronger," Day said.
Day said Canadian exports to Brazil totalled 2.6 (b) billion US dollars in 2008.
Brazil's economy, Latin America's largest, has been recovering from the global economic crisis in part because of tax breaks in the automobile, construction and home appliance sectors increased government spending.
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1. Various of city
2. Pan up of JCPM Trace centre building where Canadian trade office has opened
3. Various of officials at inauguration of Canadian trade office
4. Mid of Stockwell Day, Canadian International Trade Minister and Minister for the Asia-Pacific Gateway
5. Wide of Day speaking at podium
6. Mid of Day unveiling plaque
7. SOUNDBITE: (English) Stockwell Day, Canadian International Trade Minister and Minister for the Asia-Pacific Gateway:
"We open the office here as a sign that we believe there are great opportunities for our people in Canada and Brazil and we want to see the already positive economic relationship become even stronger."
8. Mid of Day
9. SOUNDBITE: (English) Stockwell Day, Canadian International Trade Minister and Minister for the Asia-Pacific Gateway:
"The northeast (of Brazil) is experiencing considerable growth with the port of Suape and the vision of the government here to see that become a hub regionally. That's going to have a great effect, even internationally. So we see continued opportunities for the people of Brazil and the people of Canada in this particular region."
10. Close of plaque
STORYLINE:
The Canadian Minister for International Trade inaugurated a new trade office in the Brazilian city of Recife on Friday, which he said would strengthen trade and investment relations between the two countries.
Stockwell Day said the office, Canada's fifth in Brazil, would take full advantage of the growing economic and trade activity in the country's northeastern region.
"We open the office here as a sign that we believe there are great opportunities for our people in Canada and Brazil and we want to see the already positive economic relationship become even stronger," Day said.
Day said Canadian exports to Brazil totalled 2.6 (b) billion US dollars in 2008.
Brazil's economy, Latin America's largest, has been recovering from the global economic crisis in part because of tax breaks in the automobile, construction and home appliance sectors increased government spending.
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Spanish/Nat
XFA
Argentina is banking on a 40-million dollar I-M-F-World Bank bailout to kickstart its flailing economy, as it continues to feel the effects of years of recession.
The Argentinian government has created an emergency credit package called "Blindaje," Spanish for "a protective shield" to be spent on debt relief and improving infrastructure.
The financial assistance comes on the tail of a dire start to the millennium for Argentina.
With unemployment currently hovering at fifteen percent, groups of unemployed workers protest nearly every week outside the Ministry of Labour, banging drums to get attention.
Argentina has borrowed -- and is borrowing -- enormous amounts of foreign money to try to stimulate the economy, but so far to no avail.
The country has the largest foreign debt in Latin America, some 120 (b) billion dollars, close to 50 percent of the country's gross domestic product.
Investors, already nervous over Argentina's inability to pull itself from a grinding recession, turned skittish, in effect shutting the country out from tapping international markets for more funding.
It was the latest blow for Argentina, first pounded by the 1997 Asian financial crisis and pummeled again by Russian currency troubles a year later.
The economy sank deeper into recession after Brazil devalued its currency in 1999.
Since then, the Argentine economy has idled, while neighbouring Brazil and Mexico have seen their economies grow.
For Argentines living in what is still Latin America's most prosperous nation, the economic woes of the past three years have brought a steady decrease in living standards, years after the country enjoyed some of the highest growth rates in the region.
With an overvalued peso, Argentinian-made goods are too expensive to compete with cheaper ones from other Latin American countries.
SOUNDBITE: (Spanish)
"And let this also be a warning to the government. Up until now all of the complaints of the unions and businesses about imports from not only Brazil but the Middle East and especially Asia have fallen on deaf ears."
SUPER CAPTION: Augustine Amicone, Argentinian Shoe Industry
Since becoming a member of Mercosur in the early nineties, Argentinian exporters have to compete with cheaper Brazilian goods.
And with labour costs much higher in wealthier Argentina, many businesses are finding it hard to compete.
Statistically at least, there are reasons for Argentina to be upbeat.
The local stock market leaped nearly 30 percent in January, once lofty interest rates have dropped, and commodity prices are again gaining strength.
And Argentina received a boost when the U-S cut interest rates in January, which meant lower interest payments for government issued bonds.
Some Argentine officials feel the worst has passed, and many analysts now think that the only crisis really facing Argentina is a crisis of confidence.
But while the leading financial indicators may say things are getting better, it may take a while longer for the average Argentine to be convinced.
SOUNDBITE: (Spanish)
"I think that in the Argentinian case it is more than just a recession that is influencing what people think. It is the fact that for the past two and a half years the Argentine economy has not been growing and that is why today the people don�t see the positive changes that the financial indicators do."
SUPERCAPTION: Rosendo Fraga, Political Analyst
SOUNDBITE: (Spanish)
"It will be better than the year 2000. All of us will have more work and there will be more credit available. I am not a super-optimimst but I think things will definitely be better."
SUPERCAPTION: Voxpop
SOUNDBITE: (Spanish)
SUPERCAPTION: Voxpop
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Spanish/Nat
XFA
Argentina is banking on a 40-million dollar I-M-F-World Bank bailout to kickstart its flailing economy, as it continues to feel the effects of years of recession.
The Argentinian government has created an emergency credit package called "Blindaje," Spanish for "a protective shield" to be spent on debt relief and improving infrastructure.
The financial assistance comes on the tail of a dire start to the millennium for Argentina.
With unemployment currently hovering at fifteen percent, groups of unemployed workers protest nearly every week outside the Ministry of Labour, banging drums to get attention.
Argentina has borrowed -- and is borrowing -- enormous amounts of foreign money to try to stimulate the economy, but so far to no avail.
The country has the largest foreign debt in Latin America, some 120 (b) billion dollars, close to 50 percent of the country's gross domestic product.
Investors, already nervous over Argentina's inability to pull itself from a grinding recession, turned skittish, in effect shutting the country out from tapping international markets for more funding.
It was the latest blow for Argentina, first pounded by the 1997 Asian financial crisis and pummeled again by Russian currency troubles a year later.
The economy sank deeper into recession after Brazil devalued its currency in 1999.
Since then, the Argentine economy has idled, while neighbouring Brazil and Mexico have seen their economies grow.
For Argentines living in what is still Latin America's most prosperous nation, the economic woes of the past three years have brought a steady decrease in living standards, years after the country enjoyed some of the highest growth rates in the region.
With an overvalued peso, Argentinian-made goods are too expensive to compete with cheaper ones from other Latin American countries.
SOUNDBITE: (Spanish)
"And let this also be a warning to the government. Up until now all of the complaints of the unions and businesses about imports from not only Brazil but the Middle East and especially Asia have fallen on deaf ears."
SUPER CAPTION: Augustine Amicone, Argentinian Shoe Industry
Since becoming a member of Mercosur in the early nineties, Argentinian exporters have to compete with cheaper Brazilian goods.
And with labour costs much higher in wealthier Argentina, many businesses are finding it hard to compete.
Statistically at least, there are reasons for Argentina to be upbeat.
The local stock market leaped nearly 30 percent in January, once lofty interest rates have dropped, and commodity prices are again gaining strength.
And Argentina received a boost when the U-S cut interest rates in January, which meant lower interest payments for government issued bonds.
Some Argentine officials feel the worst has passed, and many analysts now think that the only crisis really facing Argentina is a crisis of confidence.
But while the leading financial indicators may say things are getting better, it may take a while longer for the average Argentine to be convinced.
SOUNDBITE: (Spanish)
"I think that in the Argentinian case it is more than just a recession that is influencing what people think. It is the fact that for the past two and a half years the Argentine economy has not been growing and that is why today the people don�t see the positive changes that the financial indicators do."
SUPERCAPTION: Rosendo Fraga, Political Analyst
SOUNDBITE: (Spanish)
"It will be better than the year 2000. All of us will have more work and there will be more credit available. I am not a super-optimimst but I think things will definitely be better."
SUPERCAPTION: Voxpop
SOUNDBITE: (Spanish)
SUPERCAPTION: Voxpop
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Economy Minister Rubens Ricupero said Sunday (4/9) he had resigned
over comments overheard by television viewers that have thrown
Brazil's politics into disarray just one month before elections.
A tearful Ricupero told a news conference he was quitting after
boasting to a television reporter that he was using an
anti-inflation plan to boost presidential front-runner Fernando
Henrique Cardoso. "
SHOWS:
BRAZILIA, BRAZIL. 4-5/9
man at news-stand
newspapers
studio where minister talked about his thoughts
Economy Minister Rubens Ricupero explaining his resignation
opening political tv election
minister resigning tearfully
new man sworn in praising outgoing minister
ends: 2.00
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Economy Minister Rubens Ricupero said Sunday (4/9) he had resigned
over comments overheard by television viewers that have thrown
Brazil's politics into disarray just one month before elections.
A tearful Ricupero told a news conference he was quitting after
boasting to a television reporter that he was using an
anti-inflation plan to boost presidential front-runner Fernando
Henrique Cardoso. "
SHOWS:
BRAZILIA, BRAZIL. 4-5/9
man at news-stand
newspapers
studio where minister talked about his thoughts
Economy Minister Rubens Ricupero explaining his resignation
opening political tv election
minister resigning tearfully
new man sworn in praising outgoing minister
ends: 2.00
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Portuguese/Nat
Brazil's President insists he is committed to the anti-inflation plan his government undertook ten months ago and will make the economic reforms necessary for its success.
President Fernando Henrique Cardoso was speaking in New York to U-S businessmen who attended a luncheon arranged by eight Brazilian-American organisations.
His government's Real Plan has seen inflation dive to just under four percent for the first quarter of 1995. Last year, it was running at 40 percent a month.
It was an upbeat speech for the Brazilian President, Henrique Cardoso.
Since his government introduced its Real Plan to reform the country's economy ten months ago, inflation has dropped dramatically without the predicted recession.
This year's first quarter saw inflation running at three-point-nine percent - the lowest in 26 years.
Cardoso credited the people of Brazil for change in its fortunes.
SOUNDBITE:
"I know that these kind words are not really only in recognition of the president of the Brazilian nation, but in recognition of the efforts of the Brazilian people to address its economic problems. Today our self-reliance is not borne of arrogance."
SUPER CAPTION: Henrique Cardoso, Brazilian President
Brazil has enjoyed a trade surplus with foreign countries in recent years, although Cardoso predicts that it will be smaller this year following the first quarter's historic peak.
However, he did not refer to the flight of overseas investment from Latin American countries since last December's economic crisis in Mexico.
A record four and a third (4.37) (b) billion dollars of foreign money is estimated to have left Brazil last month.
President Cardoso spoke of the importance of the new ties between his country and the United States.
SOUNDBITE:
"Today we recognize that the relationship between the United States and Brazil is a new one. Brazil needs the United States and the United States also needs Brazil."
SUPER CAPTION: Henrique Cardoso, Brazilian President
He believes private and overseas investment will play a big part in Brazil's economic recovery and plans to eliminate restrictions on foreign capital.
Cardoso intends to continue liberalising foreign trade despite temporary measures which deter importers, such as the recent increase in import tariffs by up to 70 percent.
Having scrapped its old currency, he now has to continue to revamp Brazil's economy if he is to reduce the poverty of its people.
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Portuguese/Nat
Brazil's President insists he is committed to the anti-inflation plan his government undertook ten months ago and will make the economic reforms necessary for its success.
President Fernando Henrique Cardoso was speaking in New York to U-S businessmen who attended a luncheon arranged by eight Brazilian-American organisations.
His government's Real Plan has seen inflation dive to just under four percent for the first quarter of 1995. Last year, it was running at 40 percent a month.
It was an upbeat speech for the Brazilian President, Henrique Cardoso.
Since his government introduced its Real Plan to reform the country's economy ten months ago, inflation has dropped dramatically without the predicted recession.
This year's first quarter saw inflation running at three-point-nine percent - the lowest in 26 years.
Cardoso credited the people of Brazil for change in its fortunes.
SOUNDBITE:
"I know that these kind words are not really only in recognition of the president of the Brazilian nation, but in recognition of the efforts of the Brazilian people to address its economic problems. Today our self-reliance is not borne of arrogance."
SUPER CAPTION: Henrique Cardoso, Brazilian President
Brazil has enjoyed a trade surplus with foreign countries in recent years, although Cardoso predicts that it will be smaller this year following the first quarter's historic peak.
However, he did not refer to the flight of overseas investment from Latin American countries since last December's economic crisis in Mexico.
A record four and a third (4.37) (b) billion dollars of foreign money is estimated to have left Brazil last month.
President Cardoso spoke of the importance of the new ties between his country and the United States.
SOUNDBITE:
"Today we recognize that the relationship between the United States and Brazil is a new one. Brazil needs the United States and the United States also needs Brazil."
SUPER CAPTION: Henrique Cardoso, Brazilian President
He believes private and overseas investment will play a big part in Brazil's economic recovery and plans to eliminate restrictions on foreign capital.
Cardoso intends to continue liberalising foreign trade despite temporary measures which deter importers, such as the recent increase in import tariffs by up to 70 percent.
Having scrapped its old currency, he now has to continue to revamp Brazil's economy if he is to reduce the poverty of its people.
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English/Nat
As Brazil prepares for the visit of U-S President Bill Clinton on Monday, the issue of free trade within the Americas is undoubtedly a hot one.
Brazil and the U-S have different positions with regard to the Free Trade Area of the Americas - an economic integration project due to be completed by 2005.
While the U-S wants to accelerate the process, Brazil wants to strengthen it's ties with other regional trade blocs before opening up its markets.
Brazil has been described by many as an economic waking giant in South America.
It is home to a vast consuming market and an economy in growth.
Brazil is preparing for U-S President Clinton's visit on Monday.
During his trip the U-S leader will hear why Brazil opposes a U-S timetable to create
a hemisphere-wide free trade zone by 2005.
Brazil wants more time to strengthen the Mercosur trade bloc - which includes Argentina,
Uruguay and Paraguay - before opening its markets.
It also wants the U-S to eliminate trade barriers imposed on a wide range of Brazilian products.
SOUNDBITE:(English)
"Now if we are blocked we can't move ahead and open the economy any further step. The trade deficit that we accumulated with the U.S tends to grow and we have to get these restrictions eliminated or at least diminished so that we can export more to the U.S. Current restrictions on Brazilian exports could generate if they were eliminated an addition of three billion dollars exports from Brazil to the U.S market and this would allow Brazil to make additional concessions to the U.S. interims of reducing tariffs or in terms of eliminating other restrictions".
SUPER CAPTION: Marcus Vinicius Pratini de Morais, President of the Brazilian Exporters Association
The United States - eyeing the 157 (m) million potential consumers in Brazil alone, wants comprehensive bargaining to begin in March, at the Second Summit of the Americas in Chile.
President Clinton's visit this week is a chance for Brazilians to showcase their country, eager to become a world power.
SOUNDBITE:(English)
"So our position is one of support for the integration definitely and we welcome the visit of President Clinton to Brazil. I think it signals, it reinforces what we know already, the strong commitment that President Clinton and his administration attaches to Brazil as a key partner in the hemisphere and we stand ready to support it".
SUPER CAPTION: Joel Korn, President of the American Chamber of Commerce for Brazil
Brazilians long to be taken seriously and emerge from the long shadow cast the U-S.
Some feel Washington hasn't paid due attention to Latin America's largest country, the world's eighth-largest economy.
Clinton's visit is only the second by a U-S president since 1982..
Brazilians hope the visit will give Clinton a clearer understanding of Brazil's importance in the continent.
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English/Nat
As Brazil prepares for the visit of U-S President Bill Clinton on Monday, the issue of free trade within the Americas is undoubtedly a hot one.
Brazil and the U-S have different positions with regard to the Free Trade Area of the Americas - an economic integration project due to be completed by 2005.
While the U-S wants to accelerate the process, Brazil wants to strengthen it's ties with other regional trade blocs before opening up its markets.
Brazil has been described by many as an economic waking giant in South America.
It is home to a vast consuming market and an economy in growth.
Brazil is preparing for U-S President Clinton's visit on Monday.
During his trip the U-S leader will hear why Brazil opposes a U-S timetable to create
a hemisphere-wide free trade zone by 2005.
Brazil wants more time to strengthen the Mercosur trade bloc - which includes Argentina,
Uruguay and Paraguay - before opening its markets.
It also wants the U-S to eliminate trade barriers imposed on a wide range of Brazilian products.
SOUNDBITE:(English)
"Now if we are blocked we can't move ahead and open the economy any further step. The trade deficit that we accumulated with the U.S tends to grow and we have to get these restrictions eliminated or at least diminished so that we can export more to the U.S. Current restrictions on Brazilian exports could generate if they were eliminated an addition of three billion dollars exports from Brazil to the U.S market and this would allow Brazil to make additional concessions to the U.S. interims of reducing tariffs or in terms of eliminating other restrictions".
SUPER CAPTION: Marcus Vinicius Pratini de Morais, President of the Brazilian Exporters Association
The United States - eyeing the 157 (m) million potential consumers in Brazil alone, wants comprehensive bargaining to begin in March, at the Second Summit of the Americas in Chile.
President Clinton's visit this week is a chance for Brazilians to showcase their country, eager to become a world power.
SOUNDBITE:(English)
"So our position is one of support for the integration definitely and we welcome the visit of President Clinton to Brazil. I think it signals, it reinforces what we know already, the strong commitment that President Clinton and his administration attaches to Brazil as a key partner in the hemisphere and we stand ready to support it".
SUPER CAPTION: Joel Korn, President of the American Chamber of Commerce for Brazil
Brazilians long to be taken seriously and emerge from the long shadow cast the U-S.
Some feel Washington hasn't paid due attention to Latin America's largest country, the world's eighth-largest economy.
Clinton's visit is only the second by a U-S president since 1982..
Brazilians hope the visit will give Clinton a clearer understanding of Brazil's importance in the continent.
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Portuguese/Nat
The people of Brazil are facing a harder time this week after the government took hard measures to tighten the country's economy in the wake of stock market turmoil.
The government has introduced price hikes on fuel, car tax and goods such as alcohol since Saturday as part of an 18 (b) billion U-S dollar savings plan.
Brazil, the world's tenth largest economy, faces months of economic austerity ahead as a result of a sudden crisis in foreign investor confidence.
Brazil's economy has been battered about in recent weeks by speculative attacks on its three-year-old currency, the real.
Spending is down, while tax and interest rates have begun a steady rise.
What was, until recently, hailed as Latin America's economic miracle has been forced into economic austerity and there are already signs that fewer people are spending less money.
Bars, like this one in the Bohemian district of Cinelandia in Rio de Janeiro, already feel the pinch, but though Brazil has been battered, it is not yet beaten.
SOUNDBITE: (Portuguese)
"They (prices) will be hard-hitting. I believe they will be, but not that much. Christmas and New Year parties are coming. People still have some money. We will try to help as much as we can. We don't want to exploit anyone. We want customers in our house, and we're lacking them. We're not having many consumers at the moment."
SUPER CAPTION: Francisco de Assis, bar owner
The Brazilian consumer will be hit hard by increases in personal tax rates and production taxes on basic items like cars and petrol.
Gross Domestic Product (G-D-P) growth is expected to stagnate for the next two quarters as a result.
And the though of lean months ahead has angered many activists who are trying to draw the public's attention to the impact it will have on them.
SOUNDBITE: (Portuguese)
"That's very complicated for the worker to understand. What does the Hong Kong stock market have to do with the AIDS programme and the salary of the worker in Brazil? So, that's what we are doing here, explaining to the population the real meaning of the new economic measures, which mean recession, putting the people out of their jobs."
SUPER CAPTION: Jurema Batista, Rio de Janeiro city councilwoman from the Workers Party
Brazil's car manufacturing industry has been among the hardest hit by the recent stock market plunge.
Many workers have had their hours cut back this week as severe cuts take hold.
Showroom prices are fated to rise and customers are less confident about spending their money.
SOUNDBITE: (Portuguese),
"We were living in a stable economy and suddenly we are told that tomorrow things can be totally different. That gives you so much fear of taking the money out of your pocket and buying the car without knowing if you're going to need this money tomorrow....It's very dangerous. I feel very scared of this uncertainty."
SUPER CAPTION: Clicia Helena Tavares Manoel, Customer
The government hopes to improve financing conditions for Brazilian exporters.
But it will take time for Brazil to recover the losses incurred through a global shake up of financial markets.
And consumer attitudes appears to be shifting rapidly from that of buoyant confidence to nervous expectation.
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Portuguese/Nat
The people of Brazil are facing a harder time this week after the government took hard measures to tighten the country's economy in the wake of stock market turmoil.
The government has introduced price hikes on fuel, car tax and goods such as alcohol since Saturday as part of an 18 (b) billion U-S dollar savings plan.
Brazil, the world's tenth largest economy, faces months of economic austerity ahead as a result of a sudden crisis in foreign investor confidence.
Brazil's economy has been battered about in recent weeks by speculative attacks on its three-year-old currency, the real.
Spending is down, while tax and interest rates have begun a steady rise.
What was, until recently, hailed as Latin America's economic miracle has been forced into economic austerity and there are already signs that fewer people are spending less money.
Bars, like this one in the Bohemian district of Cinelandia in Rio de Janeiro, already feel the pinch, but though Brazil has been battered, it is not yet beaten.
SOUNDBITE: (Portuguese)
"They (prices) will be hard-hitting. I believe they will be, but not that much. Christmas and New Year parties are coming. People still have some money. We will try to help as much as we can. We don't want to exploit anyone. We want customers in our house, and we're lacking them. We're not having many consumers at the moment."
SUPER CAPTION: Francisco de Assis, bar owner
The Brazilian consumer will be hit hard by increases in personal tax rates and production taxes on basic items like cars and petrol.
Gross Domestic Product (G-D-P) growth is expected to stagnate for the next two quarters as a result.
And the though of lean months ahead has angered many activists who are trying to draw the public's attention to the impact it will have on them.
SOUNDBITE: (Portuguese)
"That's very complicated for the worker to understand. What does the Hong Kong stock market have to do with the AIDS programme and the salary of the worker in Brazil? So, that's what we are doing here, explaining to the population the real meaning of the new economic measures, which mean recession, putting the people out of their jobs."
SUPER CAPTION: Jurema Batista, Rio de Janeiro city councilwoman from the Workers Party
Brazil's car manufacturing industry has been among the hardest hit by the recent stock market plunge.
Many workers have had their hours cut back this week as severe cuts take hold.
Showroom prices are fated to rise and customers are less confident about spending their money.
SOUNDBITE: (Portuguese),
"We were living in a stable economy and suddenly we are told that tomorrow things can be totally different. That gives you so much fear of taking the money out of your pocket and buying the car without knowing if you're going to need this money tomorrow....It's very dangerous. I feel very scared of this uncertainty."
SUPER CAPTION: Clicia Helena Tavares Manoel, Customer
The government hopes to improve financing conditions for Brazilian exporters.
But it will take time for Brazil to recover the losses incurred through a global shake up of financial markets.
And consumer attitudes appears to be shifting rapidly from that of buoyant confidence to nervous expectation.
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Spanish/Nat
Argentina is bracing itself as Brazil - its main trading partner - has announced a severe economic package that raises taxes and puts up prices on fuel and alcohol.
Argentina's President Carlos Menem has said exporters must find new markets to exploit, and some economists say the fact the Argentine economy is not export- dependent will protect it.
Nevertheless, Ford Argentina has said it has suspended exports to Brazil and has even stopped production of some cars.
Last week the Brazilian government announced an economic package which many in Argentina fear will effect trade between the South American neighbours.
Argentina buys products like these mangoes and pineapples from Brazil.
But Argentineans are more worried about their exports to Brazil, which make up nearly a third of the country's total products sold abroad.
Argentina sells beef and wine to Brazil, but it is the automobile industry which has been most effected by the new economic measures.
After the announcement of the economic package - which raises income tax and the price of fuel and alcohol - the Buenos Aires stock exchange fell by nearly six percent.
And shares of car manufacturer's - whose sales to Brazil amount to 40 percent of their total - fell by between 10 and 20 percent.
Several multinationals use Argentina as their base from which to export to surrounding countries.
Ford Argentina S-A says it is too early to give an exact cost of the economic package.
SOUNDBITE: (Spanish)
"It's difficult to quantify the direct dimensions of the effect only a few hours after the economic measures have begun. But it could have a 10 to 15 per cent effect on sales in the long term."
SUPER CAPTION: Rodolfo Ceretti, director of Ford factory
But the company is not taking any chances and has ordered a halt in production of Escort cars - the most popular Ford in Brazil.
SOUNDBITE: (Spanish)
"At the moment we are suspending exports to Brazil. We're currently finishing the planned sales. But for the rest of November we're suspending exports. And because exports are such an important part of our production we're going to stop production for two weeks of the Escort line, which is the car we export most to Brazil."
SUPER CAPTION: Rodolfo Ceretti, director of Ford factory
Ceretti believes the short term effect will be a "shock" causing a steep decline in exports, but in the long term, he predicts, sales will stabilise.
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Spanish/Nat
Argentina is bracing itself as Brazil - its main trading partner - has announced a severe economic package that raises taxes and puts up prices on fuel and alcohol.
Argentina's President Carlos Menem has said exporters must find new markets to exploit, and some economists say the fact the Argentine economy is not export- dependent will protect it.
Nevertheless, Ford Argentina has said it has suspended exports to Brazil and has even stopped production of some cars.
Last week the Brazilian government announced an economic package which many in Argentina fear will effect trade between the South American neighbours.
Argentina buys products like these mangoes and pineapples from Brazil.
But Argentineans are more worried about their exports to Brazil, which make up nearly a third of the country's total products sold abroad.
Argentina sells beef and wine to Brazil, but it is the automobile industry which has been most effected by the new economic measures.
After the announcement of the economic package - which raises income tax and the price of fuel and alcohol - the Buenos Aires stock exchange fell by nearly six percent.
And shares of car manufacturer's - whose sales to Brazil amount to 40 percent of their total - fell by between 10 and 20 percent.
Several multinationals use Argentina as their base from which to export to surrounding countries.
Ford Argentina S-A says it is too early to give an exact cost of the economic package.
SOUNDBITE: (Spanish)
"It's difficult to quantify the direct dimensions of the effect only a few hours after the economic measures have begun. But it could have a 10 to 15 per cent effect on sales in the long term."
SUPER CAPTION: Rodolfo Ceretti, director of Ford factory
But the company is not taking any chances and has ordered a halt in production of Escort cars - the most popular Ford in Brazil.
SOUNDBITE: (Spanish)
"At the moment we are suspending exports to Brazil. We're currently finishing the planned sales. But for the rest of November we're suspending exports. And because exports are such an important part of our production we're going to stop production for two weeks of the Escort line, which is the car we export most to Brazil."
SUPER CAPTION: Rodolfo Ceretti, director of Ford factory
Ceretti believes the short term effect will be a "shock" causing a steep decline in exports, but in the long term, he predicts, sales will stabilise.
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Portuguese/Nat
Brazilians celebrated 'Money Day' amid fear and expectations of strong austerity measures from the government.
Consumers are confident that the government will be able to handle the financial crisis currently affecting Latin America's biggest economy.
Re-elected President Fernando Henrique Cardoso has asked his economic advisors to draw up a fiscal adjustment plan which will help to secure International Monetary Fund cash by October 20.
The Brazilian stock market has kicked off on a firmer note this week.
The country's blue chip Bovespa index rose over 2 percent on Tuesday setting a positive mood for the country and for the rest of the region.
Outside Rio de Janeiro's stock exchange, people celebrated 'Money Day' - usually a meaningless date in the Brazilian calendar.
Eleven years ago the government declared each 13 of October as "Money Day", coinciding with the celebration of Columbus Day and the Feast of the patron saint, the Virging of Aparecida.
No one really paid much attention to the unusual day, but for this group, it seemed appropriate to celebrate it this year as the economy has been dominating the headlines.
The demonstrators exchanged fake dollars and collected chocolate coins in an effort to catch the attention of passersby and turn the financial crisis into a game.
The designer of Brazil's new currency - the Real - was invited to participate as 'Mr. Money.'
Despite expectations of strong austerity measures, Brazilian consumers are still finding ways to spend their money.
As this economist say, many appear confident that the economy will recover.
SOUNDBITE: (Portuguese)
"Last September Brazilian consumers were worried about the increase in interest rates and the expectations of strong austerity measures from the government. There was a big drop in sales, but we've already had some recovery."
SUPER CAPTION: Alberto Fureguem, Economist, Rio de Janeiro's Trade Association.
Popular shops have seen clients returning to shop for the first time since the beginning of Brazil's financial crisis.
Despite the increase in purchasing, Brazilians are still waiting to see what will happen in the next few days.
SOUNDBITE: (Portuguese)
"Our consumers are saving money, trying to buy the cheapest goods and always paying cash, avoiding credit, avoiding to pay with cheques to see how the government's situation develops and what measures will be taken."
SUPER CAPTION: Enio Bittencourt, President of Popular Shops Owners Association in Rio de Janeiro
In the car showrooms the situation is difficult, manufacturers are reducing production and forcing employees to take holiday leave.
Car production is reportedly 20 per cent lower compared to the amount of cars produced last year in Brazil.
Fears of a possible devaluation of the real has reduced consumer credit, giving those with cash an opportunity to buy cars at lower prices.
SOUNDBITE: (Portuguese)
"Before the crisis, 80 percent of the cars we sold were bought on credit, to be paid in 36 months, for instance. Now, the consumer only buys if he has cash. He bargains for the best price and pays in cash."
SUPER CAPTION: Antonio Marcos de Oliveira de Lima, Car Sales Manager
Local investors have been waiting for the Brazilian government to reveal details of the budget cuts it has promised the world.
Investors too are concerned for the future of the real.
SOUNDBITE: (Portuguese)
SUPER CAPTION: Alberto Fureguem, Economist, Rio de Janeiro's Trade Association.
The I-M-F and Brazil's government are putting the final touches to an emergency three- year package that should be ratified within weeks.
The package has been estimated to total $30 (b) billion U-S dollars.
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Portuguese/Nat
Brazilians celebrated 'Money Day' amid fear and expectations of strong austerity measures from the government.
Consumers are confident that the government will be able to handle the financial crisis currently affecting Latin America's biggest economy.
Re-elected President Fernando Henrique Cardoso has asked his economic advisors to draw up a fiscal adjustment plan which will help to secure International Monetary Fund cash by October 20.
The Brazilian stock market has kicked off on a firmer note this week.
The country's blue chip Bovespa index rose over 2 percent on Tuesday setting a positive mood for the country and for the rest of the region.
Outside Rio de Janeiro's stock exchange, people celebrated 'Money Day' - usually a meaningless date in the Brazilian calendar.
Eleven years ago the government declared each 13 of October as "Money Day", coinciding with the celebration of Columbus Day and the Feast of the patron saint, the Virging of Aparecida.
No one really paid much attention to the unusual day, but for this group, it seemed appropriate to celebrate it this year as the economy has been dominating the headlines.
The demonstrators exchanged fake dollars and collected chocolate coins in an effort to catch the attention of passersby and turn the financial crisis into a game.
The designer of Brazil's new currency - the Real - was invited to participate as 'Mr. Money.'
Despite expectations of strong austerity measures, Brazilian consumers are still finding ways to spend their money.
As this economist say, many appear confident that the economy will recover.
SOUNDBITE: (Portuguese)
"Last September Brazilian consumers were worried about the increase in interest rates and the expectations of strong austerity measures from the government. There was a big drop in sales, but we've already had some recovery."
SUPER CAPTION: Alberto Fureguem, Economist, Rio de Janeiro's Trade Association.
Popular shops have seen clients returning to shop for the first time since the beginning of Brazil's financial crisis.
Despite the increase in purchasing, Brazilians are still waiting to see what will happen in the next few days.
SOUNDBITE: (Portuguese)
"Our consumers are saving money, trying to buy the cheapest goods and always paying cash, avoiding credit, avoiding to pay with cheques to see how the government's situation develops and what measures will be taken."
SUPER CAPTION: Enio Bittencourt, President of Popular Shops Owners Association in Rio de Janeiro
In the car showrooms the situation is difficult, manufacturers are reducing production and forcing employees to take holiday leave.
Car production is reportedly 20 per cent lower compared to the amount of cars produced last year in Brazil.
Fears of a possible devaluation of the real has reduced consumer credit, giving those with cash an opportunity to buy cars at lower prices.
SOUNDBITE: (Portuguese)
"Before the crisis, 80 percent of the cars we sold were bought on credit, to be paid in 36 months, for instance. Now, the consumer only buys if he has cash. He bargains for the best price and pays in cash."
SUPER CAPTION: Antonio Marcos de Oliveira de Lima, Car Sales Manager
Local investors have been waiting for the Brazilian government to reveal details of the budget cuts it has promised the world.
Investors too are concerned for the future of the real.
SOUNDBITE: (Portuguese)
SUPER CAPTION: Alberto Fureguem, Economist, Rio de Janeiro's Trade Association.
The I-M-F and Brazil's government are putting the final touches to an emergency three- year package that should be ratified within weeks.
The package has been estimated to total $30 (b) billion U-S dollars.
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Portuguese/Nat
As the world's economic crisis continues, the Brazilian government has announced
austerity measures in an effort to stem economic collapse.
The president also called on rich nations to set up an emergency fund to help Latin America fend off an "imported crisis" as dollars continue to fly out of the country.
As fears of a possible currency devaluation continue, banking unions have announced that they are considering strike action following months without pay increase.
Brazil is currently losing 500 (m) million U-S dollars a day.
With presidential elections due on October 4, President Henrique Cardoso's government is desperate to buy time for its ailing "real" currency.
Come election day, the country will have lost 40 to 41 (b) billion U-S dollars this year.
Despite the figures, stock markets in Sao Paulo and Rio de Janeiro have remained relatively steady.
Last month's heavy losses are still dragging the trend downwards.
Investor panic is being blamed on problems in Asia and Russia.
Crises in these regions have reduced confidence in emerging markets the world over.
SOUNDBITE: (Portuguese)
"Nowadays, we are living in a globalised market, where the crisis in Asia, the crisis in Russia, the crisis all over Europe can bring serious problems to Brazil because they (market speculators) will search in the emerging economies, where there is liquidity, situations to cover the hole in other markets elsewhere."
SUPER CAPTION: Erenilton de Oliveira Silva, President of the Stockbrokers Council, Rio de Janeiro Stock Market
The federal government in the capital Brasilia has not ruled out the possibility of implementing tax increases to counter the effects of capital flooding out of the country.
So now fears of a possible devaluation is also pushing investors to send currency abroad.
In the first three days of this month, three point eight (b) U-S billion dollars left the country.
This exodus of currency has lowered the official reserves to approximately 58 (b) billion U-S dollars.
One economist explained the devastating effects of the dollar exodus.
SOUNDBITE: (Portuguese)
"At the moment the situation is paralysing the Brazilian economy. The view is that capital flight will continue, because the Brazilian government is powerless to stem the outflow. In reality, the government is depending on changes in the rest of the world - for instance, interest rates in the U-S falling - to make Brazil become, in the financial sense, attractive again. Right now, the economy's instability and the country's economic data are making the international investor very reticent about being able to rescue these dollars in the future. That is what is leading to this currency flight, at a rate of about 500 U-S dollars a day."
SUPER CAPTION: Henrique Jager, Economist from Union Statistics Office
But not everyone agrees Brazil's problems are not simply a result of economic collapse elsewhere in the world.
SOUNDBITE: (Portuguese)
"We also got confused, because, in reality, our money is the kind which looks strong, but has no force really. If this was not the case, we would not be undergoing the current crisis, with the middle class breaking down. So it's not the Russia crisis, it's not the Taiwan crisis, it's not the crisis from anywhere, it will not increase or decrease the crisis we already have in Brazil."
SUPER CAPTION: Euclides Fernandes, School teacher
SOUNDBITE: (Portuguese)
"The dollar went up so much, you know? It's getting very complicated. We are scared of things here getting even worse after the elections."
SUPER CAPTION: Virginia dos Anjos Barbosa, Public Worker
The crisis has affected the Brazilian workforce.
Bankers, in particular, are on the verge of revolt.
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Portuguese/Nat
As the world's economic crisis continues, the Brazilian government has announced
austerity measures in an effort to stem economic collapse.
The president also called on rich nations to set up an emergency fund to help Latin America fend off an "imported crisis" as dollars continue to fly out of the country.
As fears of a possible currency devaluation continue, banking unions have announced that they are considering strike action following months without pay increase.
Brazil is currently losing 500 (m) million U-S dollars a day.
With presidential elections due on October 4, President Henrique Cardoso's government is desperate to buy time for its ailing "real" currency.
Come election day, the country will have lost 40 to 41 (b) billion U-S dollars this year.
Despite the figures, stock markets in Sao Paulo and Rio de Janeiro have remained relatively steady.
Last month's heavy losses are still dragging the trend downwards.
Investor panic is being blamed on problems in Asia and Russia.
Crises in these regions have reduced confidence in emerging markets the world over.
SOUNDBITE: (Portuguese)
"Nowadays, we are living in a globalised market, where the crisis in Asia, the crisis in Russia, the crisis all over Europe can bring serious problems to Brazil because they (market speculators) will search in the emerging economies, where there is liquidity, situations to cover the hole in other markets elsewhere."
SUPER CAPTION: Erenilton de Oliveira Silva, President of the Stockbrokers Council, Rio de Janeiro Stock Market
The federal government in the capital Brasilia has not ruled out the possibility of implementing tax increases to counter the effects of capital flooding out of the country.
So now fears of a possible devaluation is also pushing investors to send currency abroad.
In the first three days of this month, three point eight (b) U-S billion dollars left the country.
This exodus of currency has lowered the official reserves to approximately 58 (b) billion U-S dollars.
One economist explained the devastating effects of the dollar exodus.
SOUNDBITE: (Portuguese)
"At the moment the situation is paralysing the Brazilian economy. The view is that capital flight will continue, because the Brazilian government is powerless to stem the outflow. In reality, the government is depending on changes in the rest of the world - for instance, interest rates in the U-S falling - to make Brazil become, in the financial sense, attractive again. Right now, the economy's instability and the country's economic data are making the international investor very reticent about being able to rescue these dollars in the future. That is what is leading to this currency flight, at a rate of about 500 U-S dollars a day."
SUPER CAPTION: Henrique Jager, Economist from Union Statistics Office
But not everyone agrees Brazil's problems are not simply a result of economic collapse elsewhere in the world.
SOUNDBITE: (Portuguese)
"We also got confused, because, in reality, our money is the kind which looks strong, but has no force really. If this was not the case, we would not be undergoing the current crisis, with the middle class breaking down. So it's not the Russia crisis, it's not the Taiwan crisis, it's not the crisis from anywhere, it will not increase or decrease the crisis we already have in Brazil."
SUPER CAPTION: Euclides Fernandes, School teacher
SOUNDBITE: (Portuguese)
"The dollar went up so much, you know? It's getting very complicated. We are scared of things here getting even worse after the elections."
SUPER CAPTION: Virginia dos Anjos Barbosa, Public Worker
The crisis has affected the Brazilian workforce.
Bankers, in particular, are on the verge of revolt.
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Eng/Portu/Nat
The United States and other major industrialised nations are deeply concerned about Brazil, the latest country to come under threat from the global economic crisis.
As U-S President Clinton convened a meeting in Washington of delegates from 22 nations - U-S officials worked behind the scenes on a multibillion-dollar rescue package for Brazil.
With initial results indicating Fernando Cardoso will be the first Brazilian president ever to win re-election, he must now prepare for an even tougher test.
Harsh austerity measures will have to be imposed to halt Brazil's economic meltdown in return for help from the I-M-F.
Now that economic stability is Brazil is threatened - Cardoso must rein in the international financial crisis that began in Asia and is now poised to strike his country.
The prospect that Cardoso might delay an announcement of belt-tightening measures needed to stabilise the economy until he has officially won the election, sent Brazilian stock markets lower.
On Monday, stock markets closed off 4.5 percent in Sao Paulo and 3.4 percent in the smaller Rio de Janeiro exchange.
But to most observers, Cardoso has already received a clear mandate to run Latin America's largest nation for the next four years.
But analysts say the path for Brazil's recovery, which will involve an agreement with the I-M-F, will be a rocky one.
SOUNDBITE: (English)
"Well these international negotiations involving member countries and the I-M-F and other sources of official financial sourcing tend to be difficult and protracted. I wouldn't bet on a quick conclusion with an agreement with Brazil, there's a lot of negotiations to do. I-M-F missions will probably have to come to Brazil. The Brazilian government will have to make an assessment of to what extent it can pass new legislation in increasing taxes for instance or in reducing expenditure in congress. In several Brazilian states the election will have to be decided on a second round at the end of October and this also creates some inhibitions for the government in the adjustment process so I wouldn't bet on a rapid conclusion between the I-M-F and Brazil."
SUPER CAPTION: Paulo Mogueira, Economist
Cardoso's popularity is largely the result of the success of the "Real Plan," the economic stabilisation plan he helped put together in 1994 when he was finance minister.
It dropped inflation from around 2 thousand 400 percent a year to near zero now.
Since its introduction, the Real Plan has been shored up by high interest rates and an overvalued real, the Brazilian currency.
Together, they guaranteed price stability, but caused recession, unemployment and public and trade deficits.
But now, like other emerging markets, Brazil is suffering from a loss of investor confidence and a strong outflow of capital.
The country's foreign reserves have fallen below 50 U-S (b) billion from the 70 U-S (b) billion posted at the end of July.
To prevent a collapse of the real, and stem capital flight, interest rates were hiked to 50 percent a year.
The pressure is now on for Cardoso to kick off his second four-year term by announcing spending cuts, tax hikes, pension and civil service reform.
These austerity measures will be in exchange for help from the International Monetary Fund that analysts say could total 30 U-S (b) billion dollars.
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Eng/Portu/Nat
The United States and other major industrialised nations are deeply concerned about Brazil, the latest country to come under threat from the global economic crisis.
As U-S President Clinton convened a meeting in Washington of delegates from 22 nations - U-S officials worked behind the scenes on a multibillion-dollar rescue package for Brazil.
With initial results indicating Fernando Cardoso will be the first Brazilian president ever to win re-election, he must now prepare for an even tougher test.
Harsh austerity measures will have to be imposed to halt Brazil's economic meltdown in return for help from the I-M-F.
Now that economic stability is Brazil is threatened - Cardoso must rein in the international financial crisis that began in Asia and is now poised to strike his country.
The prospect that Cardoso might delay an announcement of belt-tightening measures needed to stabilise the economy until he has officially won the election, sent Brazilian stock markets lower.
On Monday, stock markets closed off 4.5 percent in Sao Paulo and 3.4 percent in the smaller Rio de Janeiro exchange.
But to most observers, Cardoso has already received a clear mandate to run Latin America's largest nation for the next four years.
But analysts say the path for Brazil's recovery, which will involve an agreement with the I-M-F, will be a rocky one.
SOUNDBITE: (English)
"Well these international negotiations involving member countries and the I-M-F and other sources of official financial sourcing tend to be difficult and protracted. I wouldn't bet on a quick conclusion with an agreement with Brazil, there's a lot of negotiations to do. I-M-F missions will probably have to come to Brazil. The Brazilian government will have to make an assessment of to what extent it can pass new legislation in increasing taxes for instance or in reducing expenditure in congress. In several Brazilian states the election will have to be decided on a second round at the end of October and this also creates some inhibitions for the government in the adjustment process so I wouldn't bet on a rapid conclusion between the I-M-F and Brazil."
SUPER CAPTION: Paulo Mogueira, Economist
Cardoso's popularity is largely the result of the success of the "Real Plan," the economic stabilisation plan he helped put together in 1994 when he was finance minister.
It dropped inflation from around 2 thousand 400 percent a year to near zero now.
Since its introduction, the Real Plan has been shored up by high interest rates and an overvalued real, the Brazilian currency.
Together, they guaranteed price stability, but caused recession, unemployment and public and trade deficits.
But now, like other emerging markets, Brazil is suffering from a loss of investor confidence and a strong outflow of capital.
The country's foreign reserves have fallen below 50 U-S (b) billion from the 70 U-S (b) billion posted at the end of July.
To prevent a collapse of the real, and stem capital flight, interest rates were hiked to 50 percent a year.
The pressure is now on for Cardoso to kick off his second four-year term by announcing spending cuts, tax hikes, pension and civil service reform.
These austerity measures will be in exchange for help from the International Monetary Fund that analysts say could total 30 U-S (b) billion dollars.
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Portuguese/Nat
A bailout package for Brazil worth around 30 (b) billion dollars looks set to be announced after Sunday's presidential elections in the country.
Candidates have wrapped up their election campaigns in the midst of a deep financial crisis engulfing South America's biggest economy.
Much of the electorate fears the government may have to take austerity measures in return for an expected global aid package.
But expectations that tougher times will hit soon do not seem to have turned many Brazilians against their president ahead of polling day.
President Fernando Henrique Cardoso appeared to be well out in front of his 11 rivals in the presidential race when campaigning drew to a close on Thursday.
The fact that Brazil is currently in the throes of a financial crisis seems to have had little effect on his popularity.
Cardoso said earlier this week that an austerity package to ease Brazil's economic crisis wasn't coming - at least not before Tuesday.
But while Cardoso was campaigning for re-election, his financial team was meeting the International Monetary Fund and World Bank in Washington.
They negotiated an emergency loan package reportedly worth 30 (b) U-S billion dollars.
Recent polls show most Brazilians think Brazil's President Cardoso is better prepared to handle the crisis than his rival "Lula" Da Silva of the Workers Party.
Financial experts here seem to agree, provided help is forthcoming from the international community.
SOUNDBITE: (Portuguese)
"The stock exchange of the city of Sao Paulo is at a cautious high but everything is under control here. We are waiting for the elections, but we are also waiting for the support of the international financial community, which we are hoping will be positive, because of the world financial crisis. We believe that we will come out of these elections peacefully. We believe our government is doing all the correct things to ensure that our country continues to develop but we are also looking for outside support from the I-M-F and the G-7 group with whom our minister is meeting at the moment."
SUPER CAPTION: Sidney Martims, broker
Luiz Inacio Lula Da Silva, who is put forward his candidacy for the third time, has criticised Brazil's dependence on foreign investment.
Last week, Cardoso tried to reassure international investors and prepare Brazilians for belt-tightening economic measures that have heightened fears of recession and unemployment.
He hinted strongly that taxes would be increased in an effort to tackle a budget deficit of more than 7 per cent of gross domestic product.
Some economists believe these are the first of many austerity measures needed to place the economy on an even keel.
SOUNDBITE: (English)
"Well, Brazil is going through a very difficult period right now and after the elections the government will probably be forced to take a series of strong measures concerning cuts in the public expenditure and increases in taxation to allow for a substantial reduction in the public deficit in Brazil which is too high. It may also be forced, maybe at the beginning of next year, to change its exchange rate policy to allow for a stronger devaluation of the Brazilian currency that is significantly overvalued."
SUPER CAPTION: Paulo Mogueira, Economist
Despite leading a government with a ballooning budget deficit and a battered credibility, it seems voters are preparing to back Cardoso as the man to pull Brazil out of its current crisis, when they go to the polls this weekend.
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Portuguese/Nat
A bailout package for Brazil worth around 30 (b) billion dollars looks set to be announced after Sunday's presidential elections in the country.
Candidates have wrapped up their election campaigns in the midst of a deep financial crisis engulfing South America's biggest economy.
Much of the electorate fears the government may have to take austerity measures in return for an expected global aid package.
But expectations that tougher times will hit soon do not seem to have turned many Brazilians against their president ahead of polling day.
President Fernando Henrique Cardoso appeared to be well out in front of his 11 rivals in the presidential race when campaigning drew to a close on Thursday.
The fact that Brazil is currently in the throes of a financial crisis seems to have had little effect on his popularity.
Cardoso said earlier this week that an austerity package to ease Brazil's economic crisis wasn't coming - at least not before Tuesday.
But while Cardoso was campaigning for re-election, his financial team was meeting the International Monetary Fund and World Bank in Washington.
They negotiated an emergency loan package reportedly worth 30 (b) U-S billion dollars.
Recent polls show most Brazilians think Brazil's President Cardoso is better prepared to handle the crisis than his rival "Lula" Da Silva of the Workers Party.
Financial experts here seem to agree, provided help is forthcoming from the international community.
SOUNDBITE: (Portuguese)
"The stock exchange of the city of Sao Paulo is at a cautious high but everything is under control here. We are waiting for the elections, but we are also waiting for the support of the international financial community, which we are hoping will be positive, because of the world financial crisis. We believe that we will come out of these elections peacefully. We believe our government is doing all the correct things to ensure that our country continues to develop but we are also looking for outside support from the I-M-F and the G-7 group with whom our minister is meeting at the moment."
SUPER CAPTION: Sidney Martims, broker
Luiz Inacio Lula Da Silva, who is put forward his candidacy for the third time, has criticised Brazil's dependence on foreign investment.
Last week, Cardoso tried to reassure international investors and prepare Brazilians for belt-tightening economic measures that have heightened fears of recession and unemployment.
He hinted strongly that taxes would be increased in an effort to tackle a budget deficit of more than 7 per cent of gross domestic product.
Some economists believe these are the first of many austerity measures needed to place the economy on an even keel.
SOUNDBITE: (English)
"Well, Brazil is going through a very difficult period right now and after the elections the government will probably be forced to take a series of strong measures concerning cuts in the public expenditure and increases in taxation to allow for a substantial reduction in the public deficit in Brazil which is too high. It may also be forced, maybe at the beginning of next year, to change its exchange rate policy to allow for a stronger devaluation of the Brazilian currency that is significantly overvalued."
SUPER CAPTION: Paulo Mogueira, Economist
Despite leading a government with a ballooning budget deficit and a battered credibility, it seems voters are preparing to back Cardoso as the man to pull Brazil out of its current crisis, when they go to the polls this weekend.
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Spanish/Nat
As the world's financial crisis continues, economists in Latin America are monitoring the Brazilian economy closely fearful of the possible knock-on effect of a devaluation.
On Wednesday Brazil called for rich nations to set up an emergency fund to help Latin America fend off an 'imported crisis' as dollars continue to fly out of the region.
In Argentina and Venezuela, high street spending has dropped by 30 to 40 per cent, and many stores are feeling the pressure.
On Wednesday Brazilian President Henrique Cardoso called on industrialised nations to give money to the International Monetary Fund to set up a 'contingency fund'.
His appeal reflects the concern in Latin America that the global emerging market crisis will hit the region hard.
Recent rumours that Brazil's 'real' currency could be devalued have led to a slump in consumer spending throughout Latin America.
In Argentina the peso, long tied one-to-one to the dollar, would not survive such a slump.
Brazil buys one-third of Argentina's exports.
The threat of devaluation has worried shop owners who are already feeling the effect of economic instability.
Many have been forced to close.
SOUNDBITE: (Spanish)
"Yes, we have felt it. Towards the end of August and the beginning of September we have felt the crisis that has affected the stock exchange. We have felt a considerable drop in public spending. I would say approximately 30 to 40% drop in spending."
SUPER CAPTION: Marcelo, Record Shop Manager
In Argentina, the first half of the year has seen a slight growth in the gross domestic product of nearly 7 per cent.
Predictions are that the second half will see a drop to 2 per cent.
Should this trend continue, a recession would be in place by the beginning of next year.
SOUNDBITE: (Spanish)
"If the crisis continues, and more importantly, if there is a serious exchange or financial problem in Brazil, the problem is that we will not be able to hold it back. From the financial, the fiscal and the banking points of view, there is no way that we can halt the potential stampede, the effect on our economies."
SUPER CAPTION: Adolfo Sturzenegge, Economist
In Venezuela, consumer spending has dropped by 5,6 per cent
between January and August.
This market in the capital, Caracas, has felt the change as Venezuelans are turning to the cheaper offers available in supermarket and hypermarket chains.
Lack of confidence on the high street has led to the closure of over one thousand shops so far this year.
VOXPOP: (Spanish)
"Our wages are not enough for us to survive. Everything is too expensive. The housewife used to buy by the kilo or by two kilos. Now we buy by the half or quarter kilo, or in small bags because our salaries are not enough to buy anything."
SUPER CAPTION: Nohemi Melemdez, Housewife
Dollars have been rushing out of Brazil at an alarming rate since Russia announced a devaluation last month.
If Latin America's largest nation follows suit, there could be potentially devastating consequences for the world economy.
The rest of Latin America will continue to monitor Brazil's crisis closely.
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Spanish/Nat
As the world's financial crisis continues, economists in Latin America are monitoring the Brazilian economy closely fearful of the possible knock-on effect of a devaluation.
On Wednesday Brazil called for rich nations to set up an emergency fund to help Latin America fend off an 'imported crisis' as dollars continue to fly out of the region.
In Argentina and Venezuela, high street spending has dropped by 30 to 40 per cent, and many stores are feeling the pressure.
On Wednesday Brazilian President Henrique Cardoso called on industrialised nations to give money to the International Monetary Fund to set up a 'contingency fund'.
His appeal reflects the concern in Latin America that the global emerging market crisis will hit the region hard.
Recent rumours that Brazil's 'real' currency could be devalued have led to a slump in consumer spending throughout Latin America.
In Argentina the peso, long tied one-to-one to the dollar, would not survive such a slump.
Brazil buys one-third of Argentina's exports.
The threat of devaluation has worried shop owners who are already feeling the effect of economic instability.
Many have been forced to close.
SOUNDBITE: (Spanish)
"Yes, we have felt it. Towards the end of August and the beginning of September we have felt the crisis that has affected the stock exchange. We have felt a considerable drop in public spending. I would say approximately 30 to 40% drop in spending."
SUPER CAPTION: Marcelo, Record Shop Manager
In Argentina, the first half of the year has seen a slight growth in the gross domestic product of nearly 7 per cent.
Predictions are that the second half will see a drop to 2 per cent.
Should this trend continue, a recession would be in place by the beginning of next year.
SOUNDBITE: (Spanish)
"If the crisis continues, and more importantly, if there is a serious exchange or financial problem in Brazil, the problem is that we will not be able to hold it back. From the financial, the fiscal and the banking points of view, there is no way that we can halt the potential stampede, the effect on our economies."
SUPER CAPTION: Adolfo Sturzenegge, Economist
In Venezuela, consumer spending has dropped by 5,6 per cent
between January and August.
This market in the capital, Caracas, has felt the change as Venezuelans are turning to the cheaper offers available in supermarket and hypermarket chains.
Lack of confidence on the high street has led to the closure of over one thousand shops so far this year.
VOXPOP: (Spanish)
"Our wages are not enough for us to survive. Everything is too expensive. The housewife used to buy by the kilo or by two kilos. Now we buy by the half or quarter kilo, or in small bags because our salaries are not enough to buy anything."
SUPER CAPTION: Nohemi Melemdez, Housewife
Dollars have been rushing out of Brazil at an alarming rate since Russia announced a devaluation last month.
If Latin America's largest nation follows suit, there could be potentially devastating consequences for the world economy.
The rest of Latin America will continue to monitor Brazil's crisis closely.
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Portuguese/Nat
For one section of the Brazilian economy there is no economic crisis, despite the austerity measures being imposed to combat the threat of recession.
Pets are big business in Brazil and the pet market is growing at an average of 20 percent every month.
Now, a new taxi service for pets is being offered, cashing in on the boom.
This taxi is picking up a very important customer.
But, it's not this woman who'll be getting a lift.
Rather, it's her dogs.
Brazil is the third largest market for pet food and pet products.
And this taxi driver has thought up a new way to cash in on the boom.
In a country where (m) millions of Brazilians can't afford to take a taxi, Julio Cesar Rasina makes a living out of chauffering pampered pooches.
So this family of Yorkshire terriers is off to the groomers.
In the region of Rio de Janeiro alone there are over three (m) million cats and dogs.
That means brisk business for pet grooming centres such as this.
And pet owners are spending up to 50 U-S dollars on having their dog groomed.
Even though most Brazilians earn around 130 U-S dollars a month, some of the clients here spend up to 160 U-S dollars a month on pampering their pets, showering them with gifts and toys.
SOUNDBITE: (Portuguese)
"They (dogs) have a king's life. For sure...especially if they come to 'The Pet from Ipanema (laughs)!"
SUPER CAPTION: Igor Giglio Periera, pet shop manager
Since he started the service, Rasina has taken care of more that 400 clients.
Business has been booming and he says he doesn't worry about the economic crisis.
SOUNDBITE: (Portuguese)
"I don't think it (business) will be affected because people love animals very much. They have them as companions, as friends so I don't think this sector would have problems especially now that we're fully booked with appointments to take dogs for a wash and to the vet."
SUPER CAPTION: Julio Cesar Rasina, owner Transdog taxi
For about seven dollars, he offers a door-to-door service.
This woman lives in Ipanema, a wealthy suburb of Rio de Janeiro.
She highly recommends the service.
SOUNDBITE: (Portuguese)
"It improves our lives. I have dogs and I don't have time to groom them every week. So, with the taxis things are much better. There's someone we can trust to take them and I recommend it to everyone who owns dogs because it's very good."
SUPER CAPTION: Pricilla Sucasas, Dog Owner
Even though Brazil is fighting an economic crisis, this freshly cleaned family of dogs are going home in style.
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Portuguese/Nat
For one section of the Brazilian economy there is no economic crisis, despite the austerity measures being imposed to combat the threat of recession.
Pets are big business in Brazil and the pet market is growing at an average of 20 percent every month.
Now, a new taxi service for pets is being offered, cashing in on the boom.
This taxi is picking up a very important customer.
But, it's not this woman who'll be getting a lift.
Rather, it's her dogs.
Brazil is the third largest market for pet food and pet products.
And this taxi driver has thought up a new way to cash in on the boom.
In a country where (m) millions of Brazilians can't afford to take a taxi, Julio Cesar Rasina makes a living out of chauffering pampered pooches.
So this family of Yorkshire terriers is off to the groomers.
In the region of Rio de Janeiro alone there are over three (m) million cats and dogs.
That means brisk business for pet grooming centres such as this.
And pet owners are spending up to 50 U-S dollars on having their dog groomed.
Even though most Brazilians earn around 130 U-S dollars a month, some of the clients here spend up to 160 U-S dollars a month on pampering their pets, showering them with gifts and toys.
SOUNDBITE: (Portuguese)
"They (dogs) have a king's life. For sure...especially if they come to 'The Pet from Ipanema (laughs)!"
SUPER CAPTION: Igor Giglio Periera, pet shop manager
Since he started the service, Rasina has taken care of more that 400 clients.
Business has been booming and he says he doesn't worry about the economic crisis.
SOUNDBITE: (Portuguese)
"I don't think it (business) will be affected because people love animals very much. They have them as companions, as friends so I don't think this sector would have problems especially now that we're fully booked with appointments to take dogs for a wash and to the vet."
SUPER CAPTION: Julio Cesar Rasina, owner Transdog taxi
For about seven dollars, he offers a door-to-door service.
This woman lives in Ipanema, a wealthy suburb of Rio de Janeiro.
She highly recommends the service.
SOUNDBITE: (Portuguese)
"It improves our lives. I have dogs and I don't have time to groom them every week. So, with the taxis things are much better. There's someone we can trust to take them and I recommend it to everyone who owns dogs because it's very good."
SUPER CAPTION: Pricilla Sucasas, Dog Owner
Even though Brazil is fighting an economic crisis, this freshly cleaned family of dogs are going home in style.
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T/I: 11:05:22
With recession and record unemployment looming, President Fernando Henrique Cardoso wants another chance to fix Brazil's battered economy. However, for weeks, all major polls show Cardoso, a 67-year-old sociologist, should have enough votes to win re-election on the first ballot in Sunday's national elections.
SHOWS:
SAO PAULO, BRAZIL 03/10
VS of campaigners in Sao Paulo;
FHC CAMPAIGN PRESS OFFICE, SALVADOR, BRAZIL - RECENT
President Fernando Henrique Cardoso arriving at rally;
CA to CU of supporter;
Pull out from Cardoso at rally;
SOT (Portuguese) Fernando Henrique Cardoso, President of Brazil and presidential candidate, "What we have to do is what we are doing - showing that Brazil is a good place to invest in, that it has direction, political stability, competence and courage to make decisions, to give a sense of security, because I think that sooner or later this capital (foreign investment) will come to us. So the situation will change - we'll give them that. It changed in 1995, it changed in 1997 and it will change now.";
RIO DE JANEIRO, BRAZIL, 01/10
Luis Ignacio da Silva, presidential candidate from the Worker's Party with campaigners at election campaign closure;
SOT (Portuguese) Luis Ignacio da Silva, "We regret two main things that took place during this campaign. The first thing was that the Government was a coward. They did not want to debate the economic crisis. The Government was evasive and lied to the Brazilian people, many times with the support of the business sector, who pretended that there was not a financial crisis. That the crisis was taking place elsewhere. That it was not a Brazilian crisis.";
SAO PAULO, BRAZIL, 03/10
VS of Sao Paulo banks and businesses;
VS of Sao Paulo stock exchange;
SOT (Portuguese) Sidney Martims, broker, "The stock exchange of the city of Sao Paulo is at a cautious high but everything is under control here. We are waiting for the elections, but we are also waiting for the support of the international financial community, which we are hoping will be positive because of the world financial crisis";
VS of Sao Paulo;
Aerial view of Sao Paulo.
2.57
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T/I: 11:05:22
With recession and record unemployment looming, President Fernando Henrique Cardoso wants another chance to fix Brazil's battered economy. However, for weeks, all major polls show Cardoso, a 67-year-old sociologist, should have enough votes to win re-election on the first ballot in Sunday's national elections.
SHOWS:
SAO PAULO, BRAZIL 03/10
VS of campaigners in Sao Paulo;
FHC CAMPAIGN PRESS OFFICE, SALVADOR, BRAZIL - RECENT
President Fernando Henrique Cardoso arriving at rally;
CA to CU of supporter;
Pull out from Cardoso at rally;
SOT (Portuguese) Fernando Henrique Cardoso, President of Brazil and presidential candidate, "What we have to do is what we are doing - showing that Brazil is a good place to invest in, that it has direction, political stability, competence and courage to make decisions, to give a sense of security, because I think that sooner or later this capital (foreign investment) will come to us. So the situation will change - we'll give them that. It changed in 1995, it changed in 1997 and it will change now.";
RIO DE JANEIRO, BRAZIL, 01/10
Luis Ignacio da Silva, presidential candidate from the Worker's Party with campaigners at election campaign closure;
SOT (Portuguese) Luis Ignacio da Silva, "We regret two main things that took place during this campaign. The first thing was that the Government was a coward. They did not want to debate the economic crisis. The Government was evasive and lied to the Brazilian people, many times with the support of the business sector, who pretended that there was not a financial crisis. That the crisis was taking place elsewhere. That it was not a Brazilian crisis.";
SAO PAULO, BRAZIL, 03/10
VS of Sao Paulo banks and businesses;
VS of Sao Paulo stock exchange;
SOT (Portuguese) Sidney Martims, broker, "The stock exchange of the city of Sao Paulo is at a cautious high but everything is under control here. We are waiting for the elections, but we are also waiting for the support of the international financial community, which we are hoping will be positive because of the world financial crisis";
VS of Sao Paulo;
Aerial view of Sao Paulo.
2.57
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Portuguese/Nat
Brazilian President Fernando Henrique Cardoso has defended his country's financial system following claims that there have been serious irregularities at the country's Central Bank.
Documents were found on Monday at the home of former Central Bank President, Francisco Lopes, which suggest he had leaked inside information for personal profit.
Speaking in London on the final day of a two-day visit, Cardoso insisted that his country's economy was on the mend following the three month economic crisis.
Cardoso also defended NATO's actions against Serb forces.
The discovery of documents at the home of the former Central Bank President, Francisco Lopes, was part of an ongoing investigation by the Parliamentary Investigation Commission (C-P-I).
They suggest the selling of inside financial information by Lopes and other members of the bank, before the floating of the real currency in January.
It's alleged that 1.6 (m) million U-S dollars are held in a foreign account belonging to one of Lopes' business partners, Sergio de Braganca.
Another document claims the money belongs to Lopes, who was fired as President of the bank only fifteen days after taking the job over.
Speaking at the Brazilian Embassy in London on Tuesday, Cardoso insisted that he was not aware of any wrong-doing by his long-time political ally.
SOUNDBITE: (Portuguese)
"The sacking of the President of the Central Bank, Francisco Lopes, was a decision that I took along with the Finance Minister, Pedro Malan, because of operational functions. The decision had nothing to do with any suspicious circumstances. I have said this before, and I will say it again because it is true. With regards to the rest, I don't know because I am not there."
SUPER CAPTION: Fernando Henrique Cardoso, Brazilian President
Cardoso also spoke of the importance of the June summit being held in Rio de Janeiro with members of Mercosur and European leaders.
He insisted the summit could mark a new beginning for European Union-Latin American trade.
SOUNDBITE: (Portuguese)
"The idea is that we start a negotiation process. Why? Because we are starting negotiations with the United States and member countries of the North Atlantic Free Trade Area (NAFTA) to form a new organization for the hemisphere, ALCA. Brazil has always defended its participation in a regional block which is MERCOSUR, but believing that this group should be an open group. By open we mean dealing not only with issues of the hemisphere, but also with regards to Europe."
SUPER CAPTION: Fernando Henrique Cardoso, Brazilian President
President Cardoso arrived in England on Monday following visits to Germany and Portugal.
Top of the agenda has been his country's economy.
But he has also expressed Brazil's strong support for the NATO campaign in Serbia.
SOUNDBITE: (Portuguese)
"Brazil is willing to help bring an end to this situation as long as there is, obviously, respect for human rights. We are not forgetting to take into consideration that the motivation behind the motivation behind the bombings was a humanitarian one to put an end to attitudes which were clearly Nazi in terms of ethnic cleansing and such like. We understand NATO's stand, but we understand that judicially and politically we should now move towards an area of negotiation."
SUPER CAPTION: Fernando Henrique Cardoso, Brazilian President
Cardoso insisted that the worst of Brazil's economic crisis is over.
The government launched a cost-cutting drive in October last year to make sure Brazil meets fiscal targets in exchange for a 41.5 (b) billion U-S dollar rescue package from the International Monetary Fund (I-M-F).
Now, he claims foreign investors are warming to his country's assets.
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Portuguese/Nat
Brazilian President Fernando Henrique Cardoso has defended his country's financial system following claims that there have been serious irregularities at the country's Central Bank.
Documents were found on Monday at the home of former Central Bank President, Francisco Lopes, which suggest he had leaked inside information for personal profit.
Speaking in London on the final day of a two-day visit, Cardoso insisted that his country's economy was on the mend following the three month economic crisis.
Cardoso also defended NATO's actions against Serb forces.
The discovery of documents at the home of the former Central Bank President, Francisco Lopes, was part of an ongoing investigation by the Parliamentary Investigation Commission (C-P-I).
They suggest the selling of inside financial information by Lopes and other members of the bank, before the floating of the real currency in January.
It's alleged that 1.6 (m) million U-S dollars are held in a foreign account belonging to one of Lopes' business partners, Sergio de Braganca.
Another document claims the money belongs to Lopes, who was fired as President of the bank only fifteen days after taking the job over.
Speaking at the Brazilian Embassy in London on Tuesday, Cardoso insisted that he was not aware of any wrong-doing by his long-time political ally.
SOUNDBITE: (Portuguese)
"The sacking of the President of the Central Bank, Francisco Lopes, was a decision that I took along with the Finance Minister, Pedro Malan, because of operational functions. The decision had nothing to do with any suspicious circumstances. I have said this before, and I will say it again because it is true. With regards to the rest, I don't know because I am not there."
SUPER CAPTION: Fernando Henrique Cardoso, Brazilian President
Cardoso also spoke of the importance of the June summit being held in Rio de Janeiro with members of Mercosur and European leaders.
He insisted the summit could mark a new beginning for European Union-Latin American trade.
SOUNDBITE: (Portuguese)
"The idea is that we start a negotiation process. Why? Because we are starting negotiations with the United States and member countries of the North Atlantic Free Trade Area (NAFTA) to form a new organization for the hemisphere, ALCA. Brazil has always defended its participation in a regional block which is MERCOSUR, but believing that this group should be an open group. By open we mean dealing not only with issues of the hemisphere, but also with regards to Europe."
SUPER CAPTION: Fernando Henrique Cardoso, Brazilian President
President Cardoso arrived in England on Monday following visits to Germany and Portugal.
Top of the agenda has been his country's economy.
But he has also expressed Brazil's strong support for the NATO campaign in Serbia.
SOUNDBITE: (Portuguese)
"Brazil is willing to help bring an end to this situation as long as there is, obviously, respect for human rights. We are not forgetting to take into consideration that the motivation behind the motivation behind the bombings was a humanitarian one to put an end to attitudes which were clearly Nazi in terms of ethnic cleansing and such like. We understand NATO's stand, but we understand that judicially and politically we should now move towards an area of negotiation."
SUPER CAPTION: Fernando Henrique Cardoso, Brazilian President
Cardoso insisted that the worst of Brazil's economic crisis is over.
The government launched a cost-cutting drive in October last year to make sure Brazil meets fiscal targets in exchange for a 41.5 (b) billion U-S dollar rescue package from the International Monetary Fund (I-M-F).
Now, he claims foreign investors are warming to his country's assets.
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Eng/Portu/Nat
Brazil's Finance Minister Pedro Malan met the heads of some of the world's leading financial institutions on Wednesday to discuss his country's financial crisis.
Brazil's Senate passed a key austerity measure on Tuesday, boosting a government drive to shore up the country's ailing economy.
The Senate vote is a boost for Brazil after it devalued its currency last week.
The Brazilian Finance Minister has been in Washington since Friday to have discussions about the crisis.
Then Pedro Malan went to New York to for discussions top international bankers.
The United States fears that if Brazil suffers an Asian-style currency crisis, its economy could hurt other countries in the region.
SOUNDBITE: (English)
"It was a very productive and constructive meeting in the sense that we had an opportunity to explain how we see the situation in Brazil, recent development, where we are now, where we go from here. We received some very interesting comments, questions and I think it was an excellent opportunity for us to seek the views of people who follow developments in Brazil with great interest. It was a very good meeting indeed."
SUPER CAPTION: Pedro Malan, Brazilian Finance Minister
One of the reasons for the devaluation was to give the government some room to lower interest rates, raised to stem the flow of dollars out of the country.
But those interest rates were crippling the economy and also forcing Brazil's public sector debt to grow exponentially.
On Tuesday, however, the government hiked interest rates to around 32 percent to head off inflationary pressures.
SOUNDBITE: (English)
"We do not have intervention points, virtual bands, notional bands a hidden agenda today. We made clear that we do not intend to intervene. We don't have intervention plans so therefore I have no comments about what is the desirable exchange rate."
SUPER CAPTION: Pedro Malan, Brazilian Finance Minister
Confidence in Brazil's economy, the largest in Latin America, is important for future trade and business relations.
SOUNDBITE: (Portuguese)
"Well, all of them in some way or another have business, directly or indirectly, in Brazil. They all have confidence in Brazil's future in the same way that we do. In Brazil, I feel that confidence is something that is passed on from inside to outside. A country that has confidence in itself, in its future, in its capacity to overcome its problems is a country that exudes confidence to other countries. There is no such thing as confidence in a country by another, if there is no confidence in itself. We do have confidence in ourselves."
SUPER CAPTION: Pedro Malan, Brazilian Finance Minister
Malan has had meetings with the International Monetary Fund (I-M-F), the World Bank, the Inter-American Development Bank and the U-S Treasury.
Brazil has received about nine (b) billion U-S dollars of the I-M-F-led rescue package and is now seeking the release of another nine (b) billion U-S dollar installment.
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Eng/Portu/Nat
Brazil's Finance Minister Pedro Malan met the heads of some of the world's leading financial institutions on Wednesday to discuss his country's financial crisis.
Brazil's Senate passed a key austerity measure on Tuesday, boosting a government drive to shore up the country's ailing economy.
The Senate vote is a boost for Brazil after it devalued its currency last week.
The Brazilian Finance Minister has been in Washington since Friday to have discussions about the crisis.
Then Pedro Malan went to New York to for discussions top international bankers.
The United States fears that if Brazil suffers an Asian-style currency crisis, its economy could hurt other countries in the region.
SOUNDBITE: (English)
"It was a very productive and constructive meeting in the sense that we had an opportunity to explain how we see the situation in Brazil, recent development, where we are now, where we go from here. We received some very interesting comments, questions and I think it was an excellent opportunity for us to seek the views of people who follow developments in Brazil with great interest. It was a very good meeting indeed."
SUPER CAPTION: Pedro Malan, Brazilian Finance Minister
One of the reasons for the devaluation was to give the government some room to lower interest rates, raised to stem the flow of dollars out of the country.
But those interest rates were crippling the economy and also forcing Brazil's public sector debt to grow exponentially.
On Tuesday, however, the government hiked interest rates to around 32 percent to head off inflationary pressures.
SOUNDBITE: (English)
"We do not have intervention points, virtual bands, notional bands a hidden agenda today. We made clear that we do not intend to intervene. We don't have intervention plans so therefore I have no comments about what is the desirable exchange rate."
SUPER CAPTION: Pedro Malan, Brazilian Finance Minister
Confidence in Brazil's economy, the largest in Latin America, is important for future trade and business relations.
SOUNDBITE: (Portuguese)
"Well, all of them in some way or another have business, directly or indirectly, in Brazil. They all have confidence in Brazil's future in the same way that we do. In Brazil, I feel that confidence is something that is passed on from inside to outside. A country that has confidence in itself, in its future, in its capacity to overcome its problems is a country that exudes confidence to other countries. There is no such thing as confidence in a country by another, if there is no confidence in itself. We do have confidence in ourselves."
SUPER CAPTION: Pedro Malan, Brazilian Finance Minister
Malan has had meetings with the International Monetary Fund (I-M-F), the World Bank, the Inter-American Development Bank and the U-S Treasury.
Brazil has received about nine (b) billion U-S dollars of the I-M-F-led rescue package and is now seeking the release of another nine (b) billion U-S dollar installment.
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Spanish/Nat
The knock on effect of economic recession and currency devaluation in Brazil is crippling industry in Argentina and costing thousands of jobs.
Economists say Argentina has suffered a 30 per cent drop in trade with Brazil whose aggressive efforts to recover have also lured away foreign investments.
Many major brand manufacturers have decamped to Brazil in recent months costing Argentina an estimated 300-thousand jobs.
On Friday, President Fernando De la Rúa declared Argentina in a critical condition.
His reference to the country's ailing economy followed opposition attempts to block measures he says will stimulate growth.
Small businesses have been crippled, jobs have been lost and foreign trade has plummeted.
One main reason is the knock on effect of Brazil's own damaged economy.
Businesses such as this one, the Fate tyre makers, have seen exports slump.
SOUNDBITE: (Spanish)
"The truth is that in 1999 we had a fall in sales to Brazil of somewhere close to 50 per cent."
SUPER CAPTION: Roberto Cuyungian, Fate businessman
Brazil's currency devaluation last year and efforts to lure investments have hit Argentina hard.
Brand names in the car and tyre manufacturing industries, such as Firestone, Goodyear and Pirelli, as well as corporations such as Phillips have decamped to Brazil, lured by favourable tax incentives.
SOUNDBITE: (Spanish)
"There are businesses in Argentina, like Fate, whose production is completely based within its borders. There are international businesses who have production plants both in Argentina and Brazil. For these industries, at a time like this, they can leave their factories in Argentina and continue to produce in Brazil. That is to say, they can take advantage."
SUPER CAPTION: Roberto Cuyungian, Fate businessman
Reports suggest the shift of industry away from Argentina's crippled economy has cost some 300-thousand jobs.
Trade to Brazil has fallen 30 per cent and normally healthy trade relations are under strain.
Some say the regional customs union Mercosur, which bonds Brazil and Argentina, is at risk as accusations between the two grow over subsidies and safeguards.
SOUNDBITE: (Spanish)
"What do you do in a situation like this. One reaction is to say "Let's end Mercosur", let's declare a trade war on Brazil to put a stop to it. But that is absolutely wrong. I think that in a situation like this, the solution is more Mercosur not less."
SUPER CAPTION: Jose Luis Machinea, Economics Minister
Brazil continues to offer lower labour, production and operational costs but analysts are reluctant to say she will benefit the most in the long term.
If Argentina and Brazil's present trade differences grow, regional trade corporations such as Mercosur will suffer and the knock on effect will hit even harder.
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Spanish/Nat
The knock on effect of economic recession and currency devaluation in Brazil is crippling industry in Argentina and costing thousands of jobs.
Economists say Argentina has suffered a 30 per cent drop in trade with Brazil whose aggressive efforts to recover have also lured away foreign investments.
Many major brand manufacturers have decamped to Brazil in recent months costing Argentina an estimated 300-thousand jobs.
On Friday, President Fernando De la Rúa declared Argentina in a critical condition.
His reference to the country's ailing economy followed opposition attempts to block measures he says will stimulate growth.
Small businesses have been crippled, jobs have been lost and foreign trade has plummeted.
One main reason is the knock on effect of Brazil's own damaged economy.
Businesses such as this one, the Fate tyre makers, have seen exports slump.
SOUNDBITE: (Spanish)
"The truth is that in 1999 we had a fall in sales to Brazil of somewhere close to 50 per cent."
SUPER CAPTION: Roberto Cuyungian, Fate businessman
Brazil's currency devaluation last year and efforts to lure investments have hit Argentina hard.
Brand names in the car and tyre manufacturing industries, such as Firestone, Goodyear and Pirelli, as well as corporations such as Phillips have decamped to Brazil, lured by favourable tax incentives.
SOUNDBITE: (Spanish)
"There are businesses in Argentina, like Fate, whose production is completely based within its borders. There are international businesses who have production plants both in Argentina and Brazil. For these industries, at a time like this, they can leave their factories in Argentina and continue to produce in Brazil. That is to say, they can take advantage."
SUPER CAPTION: Roberto Cuyungian, Fate businessman
Reports suggest the shift of industry away from Argentina's crippled economy has cost some 300-thousand jobs.
Trade to Brazil has fallen 30 per cent and normally healthy trade relations are under strain.
Some say the regional customs union Mercosur, which bonds Brazil and Argentina, is at risk as accusations between the two grow over subsidies and safeguards.
SOUNDBITE: (Spanish)
"What do you do in a situation like this. One reaction is to say "Let's end Mercosur", let's declare a trade war on Brazil to put a stop to it. But that is absolutely wrong. I think that in a situation like this, the solution is more Mercosur not less."
SUPER CAPTION: Jose Luis Machinea, Economics Minister
Brazil continues to offer lower labour, production and operational costs but analysts are reluctant to say she will benefit the most in the long term.
If Argentina and Brazil's present trade differences grow, regional trade corporations such as Mercosur will suffer and the knock on effect will hit even harder.
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Portuguese/Nat
With its economy recovering fast, interest rates coming down and credit opportunities improving, Brazil is getting ready for its best Christmas since the creation of the real (Brazilian currency), in 1993.
But if this is good news for the middle and upper classes, the millions of people that live in poverty, are not expecting much from Christmas.
For the 60 thousand residents of the shanty town of Capao Redondo, to the south of Sao Paulo, there are few signs that Christmas is approaching.
The shanty town is considered to be one of the most violent in Sao Paulo with an average death toll of 5 people per week, attributed to fighting between local drug dealers for control of the area.
48-year-old Jose Antonio Gervasio is a bar owner in the shanty town, were he has lived for the last 28 years.
His wife is a maid and the family total income is of 300 reais (around 150 U-S dollars).
The family have improvised the Christmas tree but all Jose Antonio Gervasio wants for Christmas is a tranquil holiday period with his wife and 11 year old son Jorge Gomes Gervasio.
SOUNDBITE: (Portuguese)
"People live the way they can, you know? We have to buy a little present for our children but, we don´t go to a shopping centre. We buy it in a supermarket."
SUPER CAPTION: Jose Antonio Gervasio, Bar Owner
SOUNDBITE: (Portuguese)
"Q: What do you want for Christmas this year?
A:...A lot of things...I don´t have much choice..."
SUPER CAPTION: Jorge Gomes Gervasio, 11 year-old
In contrast the wealthy Paulista Avenue, the financial heart of Sao Paulo and of Brazil, is ready to celebrate Christmas.
Here, the luxuriousness of the decorations shows that this Christmas is different for these Brazilians.
This is the most popular shopping street in the country.
In downtown Sao Paulo, the 25th of March Street, has three thousands shops that sell anything at low prices.
People from all over Brazil come here to buy cheap presents.
Over the last ten days 1 (m) million people a day have been shopping on this street.
Luiza Helena Eid, 37 years-old, came from Cuiaba, in Mato Grosso state, more than a thousand kilometres from Sao Paulo.
She filled a basket with sunglasses for her entire family, each costing 1 real ( 0.5 U-S dollars).
SOUNDBITE: (Portuguese)
"It´s because the 25th of March Street is a place where you can find an enormous range of things that are cheap and so you can buy presents for everyone."
SUPER CAPTION: Luiza Helena Eid, shopper
But it's here in the upper and middle class consumers' Mecca that hard evidence of the current economic good times can be seen.
The economic crisis in Brazil and the high prices of petrol seem not to have affected the economy as on previous occasions.
The difference this year is that unemployment levels have stopped rising.
Between January and September this year 1 (m) million people were given jobs.
The Shopping Centre Norte - the biggest shopping centre in South America, with its 475 shops,saw record sales last weekend with 300 thousand people visiting the centre on Saturday compared to an every day average of 120 thousand.
The centre is famous for its Christmas promotions.
This year there's a writing contest, where shoppers have to write ten lines about the Christmas spirit, to enter a raffle to win a helicopter, imported from the United States, worth 335 thousand reais (around 170 thousand U-S dollars).
According to Maria da Gloria Baumgart, Marketing Director of the shopping centre, they are expecting more than 100 thousand entries.
SOUNDBITE: (Portuguese)
SUPER CAPTION: Maria da Gloria Baumgart, Marketing Director of Shopping Centre Norte
SOUNDBITE: (Portuguese)
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Portuguese/Nat
With its economy recovering fast, interest rates coming down and credit opportunities improving, Brazil is getting ready for its best Christmas since the creation of the real (Brazilian currency), in 1993.
But if this is good news for the middle and upper classes, the millions of people that live in poverty, are not expecting much from Christmas.
For the 60 thousand residents of the shanty town of Capao Redondo, to the south of Sao Paulo, there are few signs that Christmas is approaching.
The shanty town is considered to be one of the most violent in Sao Paulo with an average death toll of 5 people per week, attributed to fighting between local drug dealers for control of the area.
48-year-old Jose Antonio Gervasio is a bar owner in the shanty town, were he has lived for the last 28 years.
His wife is a maid and the family total income is of 300 reais (around 150 U-S dollars).
The family have improvised the Christmas tree but all Jose Antonio Gervasio wants for Christmas is a tranquil holiday period with his wife and 11 year old son Jorge Gomes Gervasio.
SOUNDBITE: (Portuguese)
"People live the way they can, you know? We have to buy a little present for our children but, we don´t go to a shopping centre. We buy it in a supermarket."
SUPER CAPTION: Jose Antonio Gervasio, Bar Owner
SOUNDBITE: (Portuguese)
"Q: What do you want for Christmas this year?
A:...A lot of things...I don´t have much choice..."
SUPER CAPTION: Jorge Gomes Gervasio, 11 year-old
In contrast the wealthy Paulista Avenue, the financial heart of Sao Paulo and of Brazil, is ready to celebrate Christmas.
Here, the luxuriousness of the decorations shows that this Christmas is different for these Brazilians.
This is the most popular shopping street in the country.
In downtown Sao Paulo, the 25th of March Street, has three thousands shops that sell anything at low prices.
People from all over Brazil come here to buy cheap presents.
Over the last ten days 1 (m) million people a day have been shopping on this street.
Luiza Helena Eid, 37 years-old, came from Cuiaba, in Mato Grosso state, more than a thousand kilometres from Sao Paulo.
She filled a basket with sunglasses for her entire family, each costing 1 real ( 0.5 U-S dollars).
SOUNDBITE: (Portuguese)
"It´s because the 25th of March Street is a place where you can find an enormous range of things that are cheap and so you can buy presents for everyone."
SUPER CAPTION: Luiza Helena Eid, shopper
But it's here in the upper and middle class consumers' Mecca that hard evidence of the current economic good times can be seen.
The economic crisis in Brazil and the high prices of petrol seem not to have affected the economy as on previous occasions.
The difference this year is that unemployment levels have stopped rising.
Between January and September this year 1 (m) million people were given jobs.
The Shopping Centre Norte - the biggest shopping centre in South America, with its 475 shops,saw record sales last weekend with 300 thousand people visiting the centre on Saturday compared to an every day average of 120 thousand.
The centre is famous for its Christmas promotions.
This year there's a writing contest, where shoppers have to write ten lines about the Christmas spirit, to enter a raffle to win a helicopter, imported from the United States, worth 335 thousand reais (around 170 thousand U-S dollars).
According to Maria da Gloria Baumgart, Marketing Director of the shopping centre, they are expecting more than 100 thousand entries.
SOUNDBITE: (Portuguese)
SUPER CAPTION: Maria da Gloria Baumgart, Marketing Director of Shopping Centre Norte
SOUNDBITE: (Portuguese)
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1. Various of news stand in downtown Rio
2. Various setup shots of Economist Alberto Furuguem reading today's newspapers headlines on Argentinean crisis
3. SOUNDBITE: (Portuguese) Alberto Furuguem, Economist
"At some point Argentina will have to adopt a more flexible exchange rate policy, they will be forced to devaluate the peso, and from there I think that the Argentinean economy could start the process of recovering, and the entire economic lives of Brazil and Mercosur can improve."
Question: "So, the atmosphere of the Brazilian economy is of expectation, but not of pessimism?"
Furuguem: "It's an atmosphere of expectation. But, I think that Brazil is prepared for some kind of conclusion to the Argentinean crisis. I mean, we won't have any disaster here for the fact that the Argentinean crisis worsens."
4. Various of bank interiors
5. Various of popular shopping area in downtown Rio
6. Setup shot of Enio Bittencourt
7. SOUNDBITE: (Portuguese) Enio Bittencourt, President of the Shop Owners Association
Question: "How is the Argentinean crisis affecting the popular commerce in Brazil?"
Answer: "It's having an effect in all aspects. The exports went down. The interest rates are going up, and the people are having difficulties. Our poor country is having economic difficulties, and it brings all sorts of problems to our country."
8. Wide shot, shopping street
STORYLINE:
The Argentinean crisis is affecting the Brazilian economy in such a way that inflation this year will be higher than the 4% expected by the Federal Government.
As the U-S dollar went up almost 30 percent this year, and with one US dollar on Thursday buying 2.51 Reais, the atmosphere is one of expectation.
On Thursday, Brazilians faced more bad news on the economy as a result of the Argentinean crisis as interest rates went up for the fifth time this year by three quarters of a percentage point to 19 percent - one of highest interest rates in the world.
58-year old Economist Alberto Furuguem, ex-director of the Brazilian Central Bank, now working as a consultant for the Commercial Association in Rio, believes the Argentinean crisis will inevitably affect the Brazilian economy.
As the situation in Argentina deteriorates he believes the interest rate could climb to 20 percent in the next few weeks.
However, he thinks Brazil can survive thanks to a 36 (b) billion U-S dollar reserve at the Brazilian Central Bank.
The situation in Argentina is impacted on Brazil so greatly that the Brazilian Government now accepts it will need the help of the I-M-F (International Monetary Fund) once again.
The expectation is that Brazil will borrow between 15 and 20 (b) billion U-S dollars.
According to the government, this money won't actually be used.
Learning the lesson of the 1999 crisis that devalued Brazillean currency, it's hoped that holding the money at the Brazilian Central Bank should reduce speculation and show the market that Brazil has strength to withstand shake-up's within the economy.
This is the most popular shopping area in downtown Rio, 1200 shops in 11 streets, with an average of 70 thousand people spending money in the vicinity every day.
It's such places that the trickle down of larger economic problems can be felt, with very few people buying on credit due to high interest rates.
It's a tend that hits shops selling imported products the worst.
As the price of the U-S dollar rises, the number of customers in such shops falls.
Enio Bittencourt, is the President of the Shop Owners Association of the popular commerce area in Rio.
For him, the effects of the Argentinean crisis have direct repercussions on the pockets of Brazilian consumers.
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1. Various of news stand in downtown Rio
2. Various setup shots of Economist Alberto Furuguem reading today's newspapers headlines on Argentinean crisis
3. SOUNDBITE: (Portuguese) Alberto Furuguem, Economist
"At some point Argentina will have to adopt a more flexible exchange rate policy, they will be forced to devaluate the peso, and from there I think that the Argentinean economy could start the process of recovering, and the entire economic lives of Brazil and Mercosur can improve."
Question: "So, the atmosphere of the Brazilian economy is of expectation, but not of pessimism?"
Furuguem: "It's an atmosphere of expectation. But, I think that Brazil is prepared for some kind of conclusion to the Argentinean crisis. I mean, we won't have any disaster here for the fact that the Argentinean crisis worsens."
4. Various of bank interiors
5. Various of popular shopping area in downtown Rio
6. Setup shot of Enio Bittencourt
7. SOUNDBITE: (Portuguese) Enio Bittencourt, President of the Shop Owners Association
Question: "How is the Argentinean crisis affecting the popular commerce in Brazil?"
Answer: "It's having an effect in all aspects. The exports went down. The interest rates are going up, and the people are having difficulties. Our poor country is having economic difficulties, and it brings all sorts of problems to our country."
8. Wide shot, shopping street
STORYLINE:
The Argentinean crisis is affecting the Brazilian economy in such a way that inflation this year will be higher than the 4% expected by the Federal Government.
As the U-S dollar went up almost 30 percent this year, and with one US dollar on Thursday buying 2.51 Reais, the atmosphere is one of expectation.
On Thursday, Brazilians faced more bad news on the economy as a result of the Argentinean crisis as interest rates went up for the fifth time this year by three quarters of a percentage point to 19 percent - one of highest interest rates in the world.
58-year old Economist Alberto Furuguem, ex-director of the Brazilian Central Bank, now working as a consultant for the Commercial Association in Rio, believes the Argentinean crisis will inevitably affect the Brazilian economy.
As the situation in Argentina deteriorates he believes the interest rate could climb to 20 percent in the next few weeks.
However, he thinks Brazil can survive thanks to a 36 (b) billion U-S dollar reserve at the Brazilian Central Bank.
The situation in Argentina is impacted on Brazil so greatly that the Brazilian Government now accepts it will need the help of the I-M-F (International Monetary Fund) once again.
The expectation is that Brazil will borrow between 15 and 20 (b) billion U-S dollars.
According to the government, this money won't actually be used.
Learning the lesson of the 1999 crisis that devalued Brazillean currency, it's hoped that holding the money at the Brazilian Central Bank should reduce speculation and show the market that Brazil has strength to withstand shake-up's within the economy.
This is the most popular shopping area in downtown Rio, 1200 shops in 11 streets, with an average of 70 thousand people spending money in the vicinity every day.
It's such places that the trickle down of larger economic problems can be felt, with very few people buying on credit due to high interest rates.
It's a tend that hits shops selling imported products the worst.
As the price of the U-S dollar rises, the number of customers in such shops falls.
Enio Bittencourt, is the President of the Shop Owners Association of the popular commerce area in Rio.
For him, the effects of the Argentinean crisis have direct repercussions on the pockets of Brazilian consumers.
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1. Zoom out from newspaper headlines to wide shot of man reading newspaper at newspaper stand
2. Various shots of shopping district in Rio
3. Set up of shop owner Marinilza Carvalho Silva
4.SOUNDBITE (Portuguese) Marinilza Carvalho Silva, shop owner:
"We are waiting to see if things get better there. Here, the commerce in general is expectant. Let's wait and see what is going to happen."
5. Various interiors of shopping centre
6. Set up of Jose Augusto de Castro, director of Brazilian Exterior Commerce Association
7. SOUNDBITE (Portuguese) Jose Augusto de Castro, Director of Brazilian Exterior Commerce Association:
"In 2002 we will have to deal with low sales to Argentina. But, above all, we will have to face the risk of selling our products and not getting paid, because despite the fact that Argentina is in default we have to check if the Argentinean companies have the capacity to honour their commitments."
8. Wide of Rio downtown
9. Close up of newspaper article about the economy
10. Set up of economist Alberto Furuguem
11. SOUNDBITE (Portuguese) Alberto Furuguem, Economist:
"At the exact moment that Argentina went through a deep crisis, when things went worse in their economy, the markets started to notice in a clear way that the situation in Brazil was different from the Argentinean situation. You see, even after the beginning of the more serious problems in Argentina, that Brazil is still "decoupling". The Brazilian money continues to be valued."
12. Wide shot of Alberto Furuguem reading the economy headlines
13. SOUNDBITE (Portuguese) Alberto Furuguem, Economist:
"I think that now Mercosur will have a good opportunity to be re-activated again. I think that the fixed exchange rate really threatened Mercosur. The new President Duhalde also says that Mercosur is a priority in his government."
14. Wide shot of popular shopping district
STORYLINE:
While Brazilian economists and commerce experts are apprehensive about knock-on effects of Argentina's financial crisis, early signs show the markets are differentiating Brazil's economy from that of it's neighbour.
According to Brazilian economist Alberto Furuguem the Brazilian Real is retaining its value in spite of the 30 percent devaluation of the Argentinean Peso this weekend.
Over the Christmas and New Year period, for instance, as the Argentinean crisis worsened, the Brazilian Real and stock both rose in value.
Strict International Monetary Fund fiscal targets were achieved in 2001 and the country had it's first trade surplus since 1994, a key achievement for markets worried about emerging nation's capacity to raise foreign funds.
Trade between Brazil and Argentina last year was down 30 percent due to the crisis, but expectations of the Mercosur regional trade bloc's recovery give some relief to Brazilian industries.
The main concern is held by Brazilian industries that export products to Argentina.
Among the Brazil's 17-thousand exporters, at least 2-thousand have business with Argentina.
They fear Argentina may not be able to pay for their exports, according to Jose Augusto de Castro, Director of the Brazilian Exterior Commerce Association.
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1. Zoom out from newspaper headlines to wide shot of man reading newspaper at newspaper stand
2. Various shots of shopping district in Rio
3. Set up of shop owner Marinilza Carvalho Silva
4.SOUNDBITE (Portuguese) Marinilza Carvalho Silva, shop owner:
"We are waiting to see if things get better there. Here, the commerce in general is expectant. Let's wait and see what is going to happen."
5. Various interiors of shopping centre
6. Set up of Jose Augusto de Castro, director of Brazilian Exterior Commerce Association
7. SOUNDBITE (Portuguese) Jose Augusto de Castro, Director of Brazilian Exterior Commerce Association:
"In 2002 we will have to deal with low sales to Argentina. But, above all, we will have to face the risk of selling our products and not getting paid, because despite the fact that Argentina is in default we have to check if the Argentinean companies have the capacity to honour their commitments."
8. Wide of Rio downtown
9. Close up of newspaper article about the economy
10. Set up of economist Alberto Furuguem
11. SOUNDBITE (Portuguese) Alberto Furuguem, Economist:
"At the exact moment that Argentina went through a deep crisis, when things went worse in their economy, the markets started to notice in a clear way that the situation in Brazil was different from the Argentinean situation. You see, even after the beginning of the more serious problems in Argentina, that Brazil is still "decoupling". The Brazilian money continues to be valued."
12. Wide shot of Alberto Furuguem reading the economy headlines
13. SOUNDBITE (Portuguese) Alberto Furuguem, Economist:
"I think that now Mercosur will have a good opportunity to be re-activated again. I think that the fixed exchange rate really threatened Mercosur. The new President Duhalde also says that Mercosur is a priority in his government."
14. Wide shot of popular shopping district
STORYLINE:
While Brazilian economists and commerce experts are apprehensive about knock-on effects of Argentina's financial crisis, early signs show the markets are differentiating Brazil's economy from that of it's neighbour.
According to Brazilian economist Alberto Furuguem the Brazilian Real is retaining its value in spite of the 30 percent devaluation of the Argentinean Peso this weekend.
Over the Christmas and New Year period, for instance, as the Argentinean crisis worsened, the Brazilian Real and stock both rose in value.
Strict International Monetary Fund fiscal targets were achieved in 2001 and the country had it's first trade surplus since 1994, a key achievement for markets worried about emerging nation's capacity to raise foreign funds.
Trade between Brazil and Argentina last year was down 30 percent due to the crisis, but expectations of the Mercosur regional trade bloc's recovery give some relief to Brazilian industries.
The main concern is held by Brazilian industries that export products to Argentina.
Among the Brazil's 17-thousand exporters, at least 2-thousand have business with Argentina.
They fear Argentina may not be able to pay for their exports, according to Jose Augusto de Castro, Director of the Brazilian Exterior Commerce Association.
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SHOTLIST
August 1, 2002
1. Wide shot people in the streets
2. People in the street
3. Zoom out newspapers hanging at news stand
4. Close up newspaper headline (Speculation takes the exchange rate to 3,47 Reals)
5 Close up newspaper headline (Brazilian crisis threatens Latin America)
6. Zoom in from exterior of Exchange Bureau to Exchange rate board
7. Close up exchange rates
8. SOUNDBITE: (Portuguese) Vox pop:
"I think it is driving everybody crazy. Honestly, I am terrified. I hear them saying that it is going to come down but all it does is go up"
9. Pan exterior Exchange Bureau
10. Close up counting dollar bills
11. Woman giving back Reals
12. SOUNDBITE: (Portuguese) Vox pop:
"It is very bad. The wages are the same but prices keep going up. How are the Brazilian people going to manage?"
15. Set up shot of vox pop
16. SOUNDBITE: (Portuguese) Vox pop:
"Everybody is worried because we were told that there was stability, but now, it is all falling apart. It is obvious we are worried"
17. Wide shot empty electronics shop
18. Pan of shop products
19. Price tag on TV set
20. Pan of bread display in bakery
21. Close up of bread being put in a paper bag
22. Zoom out from petrol pump to petrol station
23. Man paying for petrol
24. Set up shot of economist Antonio Carlos Porto Goncalves - Director of the Brazilian Institute of Economics
25. SOUNDBITE: (English) Antonio Carlos Porto Goncalves - Director of the Brazilian Institute of Economics:
"The tendency, I guess, is that the exchange rate cannot go up indefinitely because if it goes up it will immediately correct itself with an increase of exports and hindering imports. So dollars will come through trade and not through foreign investments and things like that."
FILE
26. Man carrying a sack of coffee
27. Pile of coffee sacks
28. Close up coffee bag " Cafe do Brasil"
29. Truck unloading coffee sacs at the port
30. Soya grain being loaded into a ship
August 1, 2002
31. Computer monitor showing latest stock exchange movement
32. Close up broker on the phone
33. Wide shot operation floor of investment bank
STORYLINE:
It has been a week of great uncertainty in Brazil. The Real fell to an historic low against the US dollar reaching 3.60, the worst performance of the Brazilian Currency since the launch of the new economic plan 8 years ago.
It recovered a little bit by the end of the week but the rise of the dollar made people realize that, maybe, things weren´t going as smoothly with the Brazilian economy as the government was leading the population to believe. People are worried.
Most products Made in Brazil need imported parts so the inflation, which Brazilians thought was a ghost from the past, is slowly showing up again.
The price of petrol, regulated by the dollar, is pushing up the prices of all other products - even basic products like bread need imported flower.
Economy analysts like Professor Antonio Carlos Porto Gonaçalves, Head of the Brazilian institute of Economics are confident that the situation is temporary and stress that what is happening in Brazil has nothing to do with the Argentinean crisis and point out that Brazil has a much stronger economy and a solid banking system.
The current exchange rate made Brazilian products more competitive in the foreign markets but the dollars that the government desperately needs will not start flow in immediately.
Once again the government has had to go to the International Monetary Fund for help.
Rumours that an agreement with the IMF was reached this week was enough to calm down the market.
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SHOTLIST
August 1, 2002
1. Wide shot people in the streets
2. People in the street
3. Zoom out newspapers hanging at news stand
4. Close up newspaper headline (Speculation takes the exchange rate to 3,47 Reals)
5 Close up newspaper headline (Brazilian crisis threatens Latin America)
6. Zoom in from exterior of Exchange Bureau to Exchange rate board
7. Close up exchange rates
8. SOUNDBITE: (Portuguese) Vox pop:
"I think it is driving everybody crazy. Honestly, I am terrified. I hear them saying that it is going to come down but all it does is go up"
9. Pan exterior Exchange Bureau
10. Close up counting dollar bills
11. Woman giving back Reals
12. SOUNDBITE: (Portuguese) Vox pop:
"It is very bad. The wages are the same but prices keep going up. How are the Brazilian people going to manage?"
15. Set up shot of vox pop
16. SOUNDBITE: (Portuguese) Vox pop:
"Everybody is worried because we were told that there was stability, but now, it is all falling apart. It is obvious we are worried"
17. Wide shot empty electronics shop
18. Pan of shop products
19. Price tag on TV set
20. Pan of bread display in bakery
21. Close up of bread being put in a paper bag
22. Zoom out from petrol pump to petrol station
23. Man paying for petrol
24. Set up shot of economist Antonio Carlos Porto Goncalves - Director of the Brazilian Institute of Economics
25. SOUNDBITE: (English) Antonio Carlos Porto Goncalves - Director of the Brazilian Institute of Economics:
"The tendency, I guess, is that the exchange rate cannot go up indefinitely because if it goes up it will immediately correct itself with an increase of exports and hindering imports. So dollars will come through trade and not through foreign investments and things like that."
FILE
26. Man carrying a sack of coffee
27. Pile of coffee sacks
28. Close up coffee bag " Cafe do Brasil"
29. Truck unloading coffee sacs at the port
30. Soya grain being loaded into a ship
August 1, 2002
31. Computer monitor showing latest stock exchange movement
32. Close up broker on the phone
33. Wide shot operation floor of investment bank
STORYLINE:
It has been a week of great uncertainty in Brazil. The Real fell to an historic low against the US dollar reaching 3.60, the worst performance of the Brazilian Currency since the launch of the new economic plan 8 years ago.
It recovered a little bit by the end of the week but the rise of the dollar made people realize that, maybe, things weren´t going as smoothly with the Brazilian economy as the government was leading the population to believe. People are worried.
Most products Made in Brazil need imported parts so the inflation, which Brazilians thought was a ghost from the past, is slowly showing up again.
The price of petrol, regulated by the dollar, is pushing up the prices of all other products - even basic products like bread need imported flower.
Economy analysts like Professor Antonio Carlos Porto Gonaçalves, Head of the Brazilian institute of Economics are confident that the situation is temporary and stress that what is happening in Brazil has nothing to do with the Argentinean crisis and point out that Brazil has a much stronger economy and a solid banking system.
The current exchange rate made Brazilian products more competitive in the foreign markets but the dollars that the government desperately needs will not start flow in immediately.
Once again the government has had to go to the International Monetary Fund for help.
Rumours that an agreement with the IMF was reached this week was enough to calm down the market.
You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/b2854fced4d837759af2317768ede009
Find out more about AP Archive: http://www.aparchive.com/HowWeWork

1. Wide of presser
2. Cutaway presser
3. Cutaway press
4. SOUNDBITE: (English) Anne Krueger, Deputy Managing Director, I-M-F: "In the case of Brazil as I have already mentioned, we see a very reasonably prudent macro-economic stance. We see a lot of reform measures having been put in place. We see an inflation-targeting regime, floating exchange rates, a number of measures that underpin the Brazilian economy. Brazil has had a combination of bad luck: the energy shortage, and then the worldwide recession coming on top of the Presidential election, but it is our role to support those countries where policies show promise and where there is a temporary shortfall as we believe to be the case in Brazil."
5. Cutaway press
6. SOUNDBITE: (English) Anne Krueger, Deputy Managing Director, I-M-F: "Now in Argentina the situation is rather different. They do not have in place as of yet a set of economic policies that we believe offer that promise going forward. We are, contrary to your question, in continuous dialogue with them and have been urging on them the measures that we believe would enable them to begin to come out of their crisis. They have a number of difficult issues."
7. Cutaway press
8. SOUNDBITE: (English) Anne Krueger, Deputy Managing Director, I-M-F: "I think the authorities are very much aware of the penalties to them and the degree to which they would be cutting themselves off from the international financial community even much significantly further than they have so far. And they are working very hard to avoid that outcome for that reason."
9. Wide shot of presser
STORYLINE:
The IMF claims it has a financial proposal that would make it easier for countries in economic crisis to restructure their foreign debt.
Speaking in Washington IMF Deputy Managing Director Anne Krueger said she expected her proposal for the creation of an international bankruptcy procedure for countries to be endorsed in broad terms by finance ministers representing the agency's members at the end of this month.
IMF officials expect its policy-setting panel will direct IMF staff to prepare the amendments to the IMF's charter that would be needed to put the bankruptcy process into operation.
The wording on the change in the IMF's Articles of Agreement, under this schedule, would be debated at the spring meetings of the agency next April.
Krueger said the proposal had "come a long way in 10 months," referring to last November when she first put forward a new process to help countries facing severe financial difficulties and an unsustainable debt burden.
Krueger's plan would essentially give nations the same opportunity that companies have to file for bankruptcy, beginning a court-supervised process that allows them to continue operations while they develop a plan with creditors to restructure their debt.
You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/2374fb9e088a8483a1d8cd0e662ddda3
Find out more about AP Archive: http://www.aparchive.com/HowWeWork

1. Wide of presser
2. Cutaway presser
3. Cutaway press
4. SOUNDBITE: (English) Anne Krueger, Deputy Managing Director, I-M-F: "In the case of Brazil as I have already mentioned, we see a very reasonably prudent macro-economic stance. We see a lot of reform measures having been put in place. We see an inflation-targeting regime, floating exchange rates, a number of measures that underpin the Brazilian economy. Brazil has had a combination of bad luck: the energy shortage, and then the worldwide recession coming on top of the Presidential election, but it is our role to support those countries where policies show promise and where there is a temporary shortfall as we believe to be the case in Brazil."
5. Cutaway press
6. SOUNDBITE: (English) Anne Krueger, Deputy Managing Director, I-M-F: "Now in Argentina the situation is rather different. They do not have in place as of yet a set of economic policies that we believe offer that promise going forward. We are, contrary to your question, in continuous dialogue with them and have been urging on them the measures that we believe would enable them to begin to come out of their crisis. They have a number of difficult issues."
7. Cutaway press
8. SOUNDBITE: (English) Anne Krueger, Deputy Managing Director, I-M-F: "I think the authorities are very much aware of the penalties to them and the degree to which they would be cutting themselves off from the international financial community even much significantly further than they have so far. And they are working very hard to avoid that outcome for that reason."
9. Wide shot of presser
STORYLINE:
The IMF claims it has a financial proposal that would make it easier for countries in economic crisis to restructure their foreign debt.
Speaking in Washington IMF Deputy Managing Director Anne Krueger said she expected her proposal for the creation of an international bankruptcy procedure for countries to be endorsed in broad terms by finance ministers representing the agency's members at the end of this month.
IMF officials expect its policy-setting panel will direct IMF staff to prepare the amendments to the IMF's charter that would be needed to put the bankruptcy process into operation.
The wording on the change in the IMF's Articles of Agreement, under this schedule, would be debated at the spring meetings of the agency next April.
Krueger said the proposal had "come a long way in 10 months," referring to last November when she first put forward a new process to help countries facing severe financial difficulties and an unsustainable debt burden.
Krueger's plan would essentially give nations the same opportunity that companies have to file for bankruptcy, beginning a court-supervised process that allows them to continue operations while they develop a plan with creditors to restructure their debt.
You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/2374fb9e088a8483a1d8cd0e662ddda3
Find out more about AP Archive: http://www.aparchive.com/HowWeWork

After a decade of encouraging growth, Brazil's economy has stalled. Without substantial ch...

published:30 Sep 2013

Brazil's troubled economy: Stumbling up the hill

Brazil's troubled economy: Stumbling up the hill

After a decade of encouraging growth, Brazil's economy has stalled. Without substantial changes to public spending and business relations, the country may lose its momentum. For more video content from The Economist visit our website: http://econ.st/1eZWcb5

Facing both political and economic problems, Brazil is attempting to revive its economy. W...

published:03 Apr 2015

Will New Economic Measures Revive Brazil’s Economy?

Will New Economic Measures Revive Brazil’s Economy?

Facing both political and economic problems, Brazil is attempting to revive its economy. Will the “austerity” measures work, and if so, how long will it take to see progress? Brazil Institute Global Fellow, Monica de Bolle provides analysis in this edition of CONTEXT.
Monica Baumgarten de Bolle holds a PhD in Economics from the London School of Economics. She is a former IMF Economist (2000-2005), a Professor of Macroeconomics at the Pontifical Catholic University of Rio de Janeiro (2006-Present), and a Director at the Institute for Economic Policy Studies IEPE/Casa das Garças, a think tank based in Rio de Janeiro, Brazil (2010-2014). As an economist, she has authored a number of books on Brazil’s policy challenges and writes regularly for daily newspapers “O Globo” and “O Estado de São Paulo”. She also contributes economic analysis pieces to the Economist Intelligence Unit.

Wilson Center's Brazil Institute convened a group of experts to review President Rousseff's new austerity plan and discuss national perceptions of her economic measures.

published:11 Feb 2015

views:2

3:02

How Powerful Is Brazil?

Subscribe! http://bitly.com/1iLOHml
Brazil is the largest power in Latin America, but i...

published:21 Feb 2015

How Powerful Is Brazil?

How Powerful Is Brazil?

Subscribe! http://bitly.com/1iLOHml
Brazil is the largest power in Latin America, but it may have just lost sight of becoming a serious, global superpower due to a recent downturn in their economy. So how powerful is Brazil?
Learn More:
Comparing Brazilian states with countries: Compare-cabana
http://www.economist.com/content/compare-cabana
The notion that Brazil is in the vanguard of a group of emerging countries on their way to economic superpower-dom is so widely accepted as to have become trite. But how far along this road is Brazil?
What is Brazil's army for?
http://www.economist.com/blogs/americasview/2010/09/brazils_military
"Spend any time in Brazil and you will get used to hearing the impending football World Cup (in 2014) and Olympics (in 2016) used as justification for all manner of boondoggles."
Brazil Military Drills to Defend Amazon
http://www.nytimes.com/2014/11/09/world/americas/brazil-military-drills-to-defend-amazon-.html
Brazil's army is deploying troops this month to the far reaches of the Amazon in a military exercise simulating a foreign invasion of the rain forest, focusing attention on sensitivity over sovereignty in a region rising in importance as a strategic pillar of Latin America's largest economy.
Brazil scales back Carnival festivities as drought and weak economy persist
http://www.theguardian.com/world/2015/feb/11/brazilian-cities-scale-back-carnival-drought-economy
"Severe drought and an ailing economy have forced cities and towns across Brazil to abandon or scale back their plans for Carnival, which is due to start on Friday."
Watch More:
How Powerful Is China?
https://www.youtube.com/watch?v=4qaoz_eXM4k
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TestTube's new daily show is committed to answering the smart, inquisitive questions we have about life, society, politics and anything else happening in the news. It's a place where curiosity rules and together we'll get a clearer understanding of this crazy world we live in.
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Special thanks to Evan Puschak for hosting TestTube!
Check Evan out on Twitter: https://twitter.com/TheeNerdwriter/media

published:21 Feb 2015

views:73611

13:30

Brazil's Rising Star

As the U.S. and most of the world's countries limp along after the crippling recession, Br...

published:13 Dec 2010

Brazil's Rising Star

Brazil's Rising Star

As the U.S. and most of the world's countries limp along after the crippling recession, Brazil is off and running with jobs, industry, and resources. Steve Kroft reports.

published:13 Dec 2010

views:128896

5:48

Paulo Sotero discusses the impact of Petrobras' problems on the Brazilian economy

Paulo Sotero discusses the impact of Petrobras' problems on the Brazilian economy

Paulo Sotero discusses the impact of Petrobras' problems on the Brazilian economy

CCTV America’s Phillip Yin interviewed Paulo Sotero, the Brazil Institute Director at the Woodrow Wilson Center in Washington, D.C. He discussed the state of Petrobras, the ongoing investigations, and the impact the energy company will have on the Brazilian economy.

According to recent data, Brazil's economy has managed to pull itself out of recession- bu...

published:02 Dec 2014

Brazil's economy pulls itself out of recession in Q3

Brazil's economy pulls itself out of recession in Q3

According to recent data, Brazil's economy has managed to pull itself out of recession- but only by the smallest of margins. The world’s seventh largest economy grew by just 0.1 percent in the third quarter of 2014.
No matter how small the margin of growth, the bump is welcome news for an economy which had registered negative results two quarters in a row.
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published:02 Dec 2014

views:19

3:45

5 Steps to Kickstart Brazilian Growth

| Click here to read the full report: http://bit.ly/1qZM9KX
| Click here to subscribe to ...

published:24 Nov 2014

5 Steps to Kickstart Brazilian Growth

5 Steps to Kickstart Brazilian Growth

| Click here to read the full report: http://bit.ly/1qZM9KX
| Click here to subscribe to the GED channel now: http://bit.ly/1lzyCGV
| Please share this video: http://bit.ly/1petM3H
________________________________________________
5 Steps to Kickstart Brazilian Growth
The reelection of President Dilma Rousseff (albeit by a small margin) suggests that a majority of Brazilians still believes she can steer the country out of its current malaise.
But what should be her strategy?
This is the focus of our new working paper authored by Samuel George in our Washington office in collaboration with Cornelius Fleischhaker of The World Bank.
Over the last 20 years, Brazil has taken crucial strides towards achieving its weighty, if elusive, economic potential.
When the country rapidly emerged from the Global Recession of 2008-2009, Brazil's momentum seemed unstoppable.
More recently, however, the country has hit growing pains.
****** Click here to download the full report: http://bit.ly/1qZM9KX ******
THE FINDINGS: The Foundation of Our Recommendations
01:35 Restoring fiscal discipline should be a top priority
01:57 Get a Handle on Inflation - A Persistent Latin American Problem
02:18 Close the Infrastructure Gap - The Good News is Foreign Investors Still Want in
02:40 Educate a 21st Century Workforce
02:58 Spark Productivity by Reducing Barriers to Trade
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| Click here to get updated about the latest news on the topic on google+ : http://bit.ly/1oigvRU
_____________________________________________________
MORE GED VIDEOS
Who Really Wins from Globalization? | GEDProject ...
… Does globalization leave behind losers who come disproportionately from disadvantaged communities? Do only a few countries really win from globalization ?
Find out an answer based on scientific research in this video : bit.ly/1o6tawP
---------------------------------
overview : Who Really Wins from Globalization ?
0:44 Globalization Index
1:07 The Results
1:33 Big Winners
2:11 What does it all mean?
3:02 What do you think?
3:21 More Videos and Subcription
_________________________________________________
MORE GED VIDEOS
What Are The Effects of Globalization?
Top White House Economic Advisor Dr. Furman Gives Answers
Click here for the interview: http://bit.ly/1pw99cS
________________________________________________
This video is part of the Global Economic Dynamics Project
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- What is the Global Economic Dynamics Project all about ?
Click on the link for a video on the GEDProject: http://bit.ly/1wFn06r
The GED Project examines the causes and effects of economic trends, as well as the connections linking one trend to another.
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________________________________________________
MORE GED VIDEOS
| Are you interested in economic developments in Chile, Mexico, Colombia and Peru?
If so, click on the link below to watch videos that provide a lot of information on that topic:
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published:24 Nov 2014

views:100

2:09

Brazil's economy

Brazil's economy. The world - and Latin America - increasingly seems to revolve around Bra...

published:01 Mar 2013

Brazil's economy

Brazil's economy

Brazil's economy. The world - and Latin America - increasingly seems to revolve around Brazil, especially with respect to economic, social and development issues. The South American giant has become a key reference point for efforts to reduce poverty, promote gender equality and export knowledge, for example.
Brazil leads many global rankings: it is the world's sixth largest economy, the fifth largest country, the second world leader in terms of number of airports and the country with the most animal species. But perhaps most importantly, since 2003, 20 million Brazilians have escaped from poverty. The Brazil sem Miseria program seeks to end poverty by 2015.

The 1964 Brazilian coup d'état (Portuguese: Golpe de estado no Brasil em 1964 or, more colloquially, Portuguese: Golpe de 64), names a series of events that ...
At the New York Public Library in May 2007, Hitchens debated the Reverend Al Sharpton on the issue of theism and anti-theism, giving rise to a memorable ...
The Politics and Culture of American Life: George Will on Government & Conservatism (1994)
The Politics and Culture of American Life: George Will on Government & Conservatism (1994)

Looking Ahead to 2015 and Risks to the World Economy

Hedge fund manager Paul Singer, founder and president of Elliott Management Corporation, on global financial and political issues and the risks they engender.
From the 2014 New York Times DealBook Conference

published:12 Dec 2014

views:407

115:32

PBS Commanding Heights Ep3 The New Rules of the Game DivX6

.
...

published:08 Jan 2015

PBS Commanding Heights Ep3 The New Rules of the Game DivX6

PBS Commanding Heights Ep3 The New Rules of the Game DivX6

.
2015 2014
This Youtube channel is for learning and educational purposes. Learning and Education are fundamental and important in today's society and becoming increasingly more accessible and convenient online. The availability of important information which is also entertaining helps everyone grow mentally and emotionally as people both individually and as a whole. Documentaries are the resource of choice of the information and internet generations of students around the world. The documentary here along with the other documentaries on this channel relate to important times and people in history, historic places, archaeology, society, world culture, science, conspiracy theories, and education.
The topics covered in these video documentaries vary and cover about everything you could possibly want to know including ancient history, Maya, Rome, Greece, The New World, Egypt, World wars, combat, battles, military and combat technology, current affairs and events, important news, education, biographies, famous people and celerities, politicians, news and current events, Illuminati, Area 51, crime, mafia, serial killers, paranormal, supernatural, cults, government cover-ups, the law and legal matters, corruption, martial arts, sports figures, space, aliens, ufos, conspiracy theories, Annunaki, Nibiru, Nephilim, satanic rituals, religion, christianty, judaism, islam, strange phenomenon, origins of mankind, monsters, mobsters, time travel, planet earth, the Sun, Missions to Mars, The planets, the solar system, the universe, modern physics, String Theory, the Big Bang Theory, Quantum Mechanics, television, archaeology, science, technology, nature, plants, animals, endangered species, pets, wildlife, animal abuse, environmental concerns and issues, global warming, natural disasters, racism, sexism, gay and lesbian issues, and many other educational and controversial topics. Please enjoy and Learn Responsibly!

published:08 Jan 2015

views:0

70:55

Brazil in 2013: Economic and Political Prospects

AS/COA hosted the panel 'Brazil in 2013: Economic and Political Prospects.' Panelists disc...

music/video/performance rights must be cleared
No re-use/re-sale of film/video/performanc...

published:24 Jul 2015

Brazil fashion attracts international attention

Brazil fashion attracts international attention

music/video/performance rights must be cleared
No re-use/re-sale of film/video/performance clips without clearance
S�o Paulo, Brazil - 13 June, 2010
1. Paris Hilton at Triton Spring/Summer show
2. Various of Triton Spring/Summer show
3. More of Paris Hilton at Triton Spring/Summer show
S�o Paulo, Brazil - 11 June, 2010
4. SOUNDBITE: (Portuguese) Paulo Borges, Director of S�o Paulo Fashion Week:
"Brazil is doing very well economically. Brazil has become a centre of global attention economically, it's growing a lot. It's consolidating its position as one of the world's economic powers, and it's very strong creatively, there is a lot of creative diversity. I think all of this will increasingly influence everyone's interest in Brazil."
5. Various of hair stylists and make-up artists preparing models for fashion show
6. SOUNDBITE: (Portuguese) Jo�o Pimenta, fashion designer:
"I think that what people look for is originality. Our country is so diverse, with so many cultures and such a mix of races, and I imagine that people abroad are curious about that."
S�o Paulo, Brazil - 13 June 2010
7. Various of Jo�o Pimenta's men's fashion show
8. Various of Gisele B�ndchen modelling in Colcci fashion show
9. Wide of Carolina Gold and Pitty Taliani, designers for Amap�, making adjustments to a model's outfit
10. SOUNDBITE: (Portuguese) Carolina Gold, co-designer for Amap�:
"All the brands now have a Brazilian identity. When S�o Paulo Fashion Week first started, everyone looked outward. Now, they don't. Now they look inward, everyone creates a fashion that is Brazilian. So that's very good. People look at Brazil and see that there is a desire for fashion, Brazil is starting to have a strong fashion culture, and this is very important for the credibility of the Brazilian fashion market."
11. Various of backstage area of Amap�, clothes on racks
S�o Paulo, Brazil - 11 June 2010
12. Various of Wilson Ranieri fashion show
LEAD IN :
Brazil's most prominent designers hit the runways this week for the Spring/Summer 2011 shows at S�o Paulo Fashion Week.
Currently the world's fifth-largest fashion event, it drew large crowds of invited guests as well as swarms of journalists and photographers, from both Brazil and elsewhere.
STORYLINE:
The presence of US Celebrity Paris Hilton on the catwalk at S�o Paulo Fashion Week is proof that the Brazilian fashion industry is attracting international attention.
The city may not yet rival New York, Paris, London or Milan as a must-see event in the fashion editor's diary but organisers hope it soon will.
Paulo Borges, Director of S�o Paulo Fashion Week, says that the country's recent economic growth and pool of creative talent draws international attention to what was once just a local event.
"Brazil is doing very well economically. Brazil has become a centre of global attention economically, it's growing a lot. It's consolidating its position as one of the world's economic powers, and it's very strong creatively, there is a lot of creative diversity. I think all of this will increasingly influence everyone's interest in Brazil."
Brazil boasts a stable, growing economy.
By the time Rio de Janeiro hosts the 2016 Olympic Games, the country is forecast to be the world's fifth-largest economy.
S�o Paulo Fashion Week boasts thirty-nine fashion shows during its six-day run, and cost R$13 million ($7 million approx), according to organisers.
The annual event which began in 1996, employs 2,500 people directly, and more than 5,000 indirectly.
The Brazilian fashion industry itself has 30,000 businesses, which employs nearly 2 million people.
This was the first S�o Paulo Fashion Week for Jo�o Pimenta with his men's clothing brand.
You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/2eb61638c6f0db85e4587deaa404246f
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published:24 Jul 2015

views:0

1:47

International Trade Minister Day inaugurates trade office

1. Various of city
2. Pan up of JCPM Trace centre building where Canadian trade office ha...

published:23 Jul 2015

International Trade Minister Day inaugurates trade office

International Trade Minister Day inaugurates trade office

1. Various of city
2. Pan up of JCPM Trace centre building where Canadian trade office has opened
3. Various of officials at inauguration of Canadian trade office
4. Mid of Stockwell Day, Canadian International Trade Minister and Minister for the Asia-Pacific Gateway
5. Wide of Day speaking at podium
6. Mid of Day unveiling plaque
7. SOUNDBITE: (English) Stockwell Day, Canadian International Trade Minister and Minister for the Asia-Pacific Gateway:
"We open the office here as a sign that we believe there are great opportunities for our people in Canada and Brazil and we want to see the already positive economic relationship become even stronger."
8. Mid of Day
9. SOUNDBITE: (English) Stockwell Day, Canadian International Trade Minister and Minister for the Asia-Pacific Gateway:
"The northeast (of Brazil) is experiencing considerable growth with the port of Suape and the vision of the government here to see that become a hub regionally. That's going to have a great effect, even internationally. So we see continued opportunities for the people of Brazil and the people of Canada in this particular region."
10. Close of plaque
STORYLINE:
The Canadian Minister for International Trade inaugurated a new trade office in the Brazilian city of Recife on Friday, which he said would strengthen trade and investment relations between the two countries.
Stockwell Day said the office, Canada's fifth in Brazil, would take full advantage of the growing economic and trade activity in the country's northeastern region.
"We open the office here as a sign that we believe there are great opportunities for our people in Canada and Brazil and we want to see the already positive economic relationship become even stronger," Day said.
Day said Canadian exports to Brazil totalled 2.6 (b) billion US dollars in 2008.
Brazil's economy, Latin America's largest, has been recovering from the global economic crisis in part because of tax breaks in the automobile, construction and home appliance sectors increased government spending.
You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/bfe389fb4dec4f0d9c6c5787cf6bd4bf
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ARGENTINA: ECONOMY

Spanish/Nat
XFA
Argentina is banking on a 40-million dollar I-M-F-World Bank bailout to kickstart its flailing economy, as it continues to feel the effects of years of recession.
The Argentinian government has created an emergency credit package called "Blindaje," Spanish for "a protective shield" to be spent on debt relief and improving infrastructure.
The financial assistance comes on the tail of a dire start to the millennium for Argentina.
With unemployment currently hovering at fifteen percent, groups of unemployed workers protest nearly every week outside the Ministry of Labour, banging drums to get attention.
Argentina has borrowed -- and is borrowing -- enormous amounts of foreign money to try to stimulate the economy, but so far to no avail.
The country has the largest foreign debt in Latin America, some 120 (b) billion dollars, close to 50 percent of the country's gross domestic product.
Investors, already nervous over Argentina's inability to pull itself from a grinding recession, turned skittish, in effect shutting the country out from tapping international markets for more funding.
It was the latest blow for Argentina, first pounded by the 1997 Asian financial crisis and pummeled again by Russian currency troubles a year later.
The economy sank deeper into recession after Brazil devalued its currency in 1999.
Since then, the Argentine economy has idled, while neighbouring Brazil and Mexico have seen their economies grow.
For Argentines living in what is still Latin America's most prosperous nation, the economic woes of the past three years have brought a steady decrease in living standards, years after the country enjoyed some of the highest growth rates in the region.
With an overvalued peso, Argentinian-made goods are too expensive to compete with cheaper ones from other Latin American countries.
SOUNDBITE: (Spanish)
"And let this also be a warning to the government. Up until now all of the complaints of the unions and businesses about imports from not only Brazil but the Middle East and especially Asia have fallen on deaf ears."
SUPER CAPTION: Augustine Amicone, Argentinian Shoe Industry
Since becoming a member of Mercosur in the early nineties, Argentinian exporters have to compete with cheaper Brazilian goods.
And with labour costs much higher in wealthier Argentina, many businesses are finding it hard to compete.
Statistically at least, there are reasons for Argentina to be upbeat.
The local stock market leaped nearly 30 percent in January, once lofty interest rates have dropped, and commodity prices are again gaining strength.
And Argentina received a boost when the U-S cut interest rates in January, which meant lower interest payments for government issued bonds.
Some Argentine officials feel the worst has passed, and many analysts now think that the only crisis really facing Argentina is a crisis of confidence.
But while the leading financial indicators may say things are getting better, it may take a while longer for the average Argentine to be convinced.
SOUNDBITE: (Spanish)
"I think that in the Argentinian case it is more than just a recession that is influencing what people think. It is the fact that for the past two and a half years the Argentine economy has not been growing and that is why today the people don�t see the positive changes that the financial indicators do."
SUPERCAPTION: Rosendo Fraga, Political Analyst
SOUNDBITE: (Spanish)
"It will be better than the year 2000. All of us will have more work and there will be more credit available. I am not a super-optimimst but I think things will definitely be better."
SUPERCAPTION: Voxpop
SOUNDBITE: (Spanish)
SUPERCAPTION: Voxpop
You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/4d28deea652ec4280e0a33b318e13b93
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published:23 Jul 2015

views:0

2:13

Brazil - Ricupero's Emotional Resignation

Economy Minister Rubens Ricupero said Sunday (4/9) he had resigned
over comments overhear...

published:21 Jul 2015

Brazil - Ricupero's Emotional Resignation

Brazil - Ricupero's Emotional Resignation

Economy Minister Rubens Ricupero said Sunday (4/9) he had resigned
over comments overheard by television viewers that have thrown
Brazil's politics into disarray just one month before elections.
A tearful Ricupero told a news conference he was quitting after
boasting to a television reporter that he was using an
anti-inflation plan to boost presidential front-runner Fernando
Henrique Cardoso. "
SHOWS:
BRAZILIA, BRAZIL. 4-5/9
man at news-stand
newspapers
studio where minister talked about his thoughts
Economy Minister Rubens Ricupero explaining his resignation
opening political tv election
minister resigning tearfully
new man sworn in praising outgoing minister
ends: 2.00
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published:21 Jul 2015

views:1

2:41

USA / BRAZIL: BRAZILIAN PRESIDENT HENRIQUE CARDOSO ECONOMY PLAN

Portuguese/Nat
Brazil's President insists he is committed to the anti-inflation plan hi...

published:21 Jul 2015

USA / BRAZIL: BRAZILIAN PRESIDENT HENRIQUE CARDOSO ECONOMY PLAN

USA / BRAZIL: BRAZILIAN PRESIDENT HENRIQUE CARDOSO ECONOMY PLAN

Portuguese/Nat
Brazil's President insists he is committed to the anti-inflation plan his government undertook ten months ago and will make the economic reforms necessary for its success.
President Fernando Henrique Cardoso was speaking in New York to U-S businessmen who attended a luncheon arranged by eight Brazilian-American organisations.
His government's Real Plan has seen inflation dive to just under four percent for the first quarter of 1995. Last year, it was running at 40 percent a month.
It was an upbeat speech for the Brazilian President, Henrique Cardoso.
Since his government introduced its Real Plan to reform the country's economy ten months ago, inflation has dropped dramatically without the predicted recession.
This year's first quarter saw inflation running at three-point-nine percent - the lowest in 26 years.
Cardoso credited the people of Brazil for change in its fortunes.
SOUNDBITE:
"I know that these kind words are not really only in recognition of the president of the Brazilian nation, but in recognition of the efforts of the Brazilian people to address its economic problems. Today our self-reliance is not borne of arrogance."
SUPER CAPTION: Henrique Cardoso, Brazilian President
Brazil has enjoyed a trade surplus with foreign countries in recent years, although Cardoso predicts that it will be smaller this year following the first quarter's historic peak.
However, he did not refer to the flight of overseas investment from Latin American countries since last December's economic crisis in Mexico.
A record four and a third (4.37) (b) billion dollars of foreign money is estimated to have left Brazil last month.
President Cardoso spoke of the importance of the new ties between his country and the United States.
SOUNDBITE:
"Today we recognize that the relationship between the United States and Brazil is a new one. Brazil needs the United States and the United States also needs Brazil."
SUPER CAPTION: Henrique Cardoso, Brazilian President
He believes private and overseas investment will play a big part in Brazil's economic recovery and plans to eliminate restrictions on foreign capital.
Cardoso intends to continue liberalising foreign trade despite temporary measures which deter importers, such as the recent increase in import tariffs by up to 70 percent.
Having scrapped its old currency, he now has to continue to revamp Brazil's economy if he is to reduce the poverty of its people.
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published:21 Jul 2015

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2:18

BRAZIL: FREE TRADE ISSUE CRUCIAL DURING COMING VISIT BY BILL CLINTON

English/Nat
As Brazil prepares for the visit of U-S President Bill Clinton on Monday, t...

published:21 Jul 2015

BRAZIL: FREE TRADE ISSUE CRUCIAL DURING COMING VISIT BY BILL CLINTON

BRAZIL: FREE TRADE ISSUE CRUCIAL DURING COMING VISIT BY BILL CLINTON

English/Nat
As Brazil prepares for the visit of U-S President Bill Clinton on Monday, the issue of free trade within the Americas is undoubtedly a hot one.
Brazil and the U-S have different positions with regard to the Free Trade Area of the Americas - an economic integration project due to be completed by 2005.
While the U-S wants to accelerate the process, Brazil wants to strengthen it's ties with other regional trade blocs before opening up its markets.
Brazil has been described by many as an economic waking giant in South America.
It is home to a vast consuming market and an economy in growth.
Brazil is preparing for U-S President Clinton's visit on Monday.
During his trip the U-S leader will hear why Brazil opposes a U-S timetable to create
a hemisphere-wide free trade zone by 2005.
Brazil wants more time to strengthen the Mercosur trade bloc - which includes Argentina,
Uruguay and Paraguay - before opening its markets.
It also wants the U-S to eliminate trade barriers imposed on a wide range of Brazilian products.
SOUNDBITE:(English)
"Now if we are blocked we can't move ahead and open the economy any further step. The trade deficit that we accumulated with the U.S tends to grow and we have to get these restrictions eliminated or at least diminished so that we can export more to the U.S. Current restrictions on Brazilian exports could generate if they were eliminated an addition of three billion dollars exports from Brazil to the U.S market and this would allow Brazil to make additional concessions to the U.S. interims of reducing tariffs or in terms of eliminating other restrictions".
SUPER CAPTION: Marcus Vinicius Pratini de Morais, President of the Brazilian Exporters Association
The United States - eyeing the 157 (m) million potential consumers in Brazil alone, wants comprehensive bargaining to begin in March, at the Second Summit of the Americas in Chile.
President Clinton's visit this week is a chance for Brazilians to showcase their country, eager to become a world power.
SOUNDBITE:(English)
"So our position is one of support for the integration definitely and we welcome the visit of President Clinton to Brazil. I think it signals, it reinforces what we know already, the strong commitment that President Clinton and his administration attaches to Brazil as a key partner in the hemisphere and we stand ready to support it".
SUPER CAPTION: Joel Korn, President of the American Chamber of Commerce for Brazil
Brazilians long to be taken seriously and emerge from the long shadow cast the U-S.
Some feel Washington hasn't paid due attention to Latin America's largest country, the world's eighth-largest economy.
Clinton's visit is only the second by a U-S president since 1982..
Brazilians hope the visit will give Clinton a clearer understanding of Brazil's importance in the continent.
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published:21 Jul 2015

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2:47

BRAZIL: PEOPLE HIT HARD BY GOVERNMENT'S NEW ECONOMIC MEASURES

Portuguese/Nat
The people of Brazil are facing a harder time this week after the govern...

published:21 Jul 2015

BRAZIL: PEOPLE HIT HARD BY GOVERNMENT'S NEW ECONOMIC MEASURES

BRAZIL: PEOPLE HIT HARD BY GOVERNMENT'S NEW ECONOMIC MEASURES

Portuguese/Nat
The people of Brazil are facing a harder time this week after the government took hard measures to tighten the country's economy in the wake of stock market turmoil.
The government has introduced price hikes on fuel, car tax and goods such as alcohol since Saturday as part of an 18 (b) billion U-S dollar savings plan.
Brazil, the world's tenth largest economy, faces months of economic austerity ahead as a result of a sudden crisis in foreign investor confidence.
Brazil's economy has been battered about in recent weeks by speculative attacks on its three-year-old currency, the real.
Spending is down, while tax and interest rates have begun a steady rise.
What was, until recently, hailed as Latin America's economic miracle has been forced into economic austerity and there are already signs that fewer people are spending less money.
Bars, like this one in the Bohemian district of Cinelandia in Rio de Janeiro, already feel the pinch, but though Brazil has been battered, it is not yet beaten.
SOUNDBITE: (Portuguese)
"They (prices) will be hard-hitting. I believe they will be, but not that much. Christmas and New Year parties are coming. People still have some money. We will try to help as much as we can. We don't want to exploit anyone. We want customers in our house, and we're lacking them. We're not having many consumers at the moment."
SUPER CAPTION: Francisco de Assis, bar owner
The Brazilian consumer will be hit hard by increases in personal tax rates and production taxes on basic items like cars and petrol.
Gross Domestic Product (G-D-P) growth is expected to stagnate for the next two quarters as a result.
And the though of lean months ahead has angered many activists who are trying to draw the public's attention to the impact it will have on them.
SOUNDBITE: (Portuguese)
"That's very complicated for the worker to understand. What does the Hong Kong stock market have to do with the AIDS programme and the salary of the worker in Brazil? So, that's what we are doing here, explaining to the population the real meaning of the new economic measures, which mean recession, putting the people out of their jobs."
SUPER CAPTION: Jurema Batista, Rio de Janeiro city councilwoman from the Workers Party
Brazil's car manufacturing industry has been among the hardest hit by the recent stock market plunge.
Many workers have had their hours cut back this week as severe cuts take hold.
Showroom prices are fated to rise and customers are less confident about spending their money.
SOUNDBITE: (Portuguese),
"We were living in a stable economy and suddenly we are told that tomorrow things can be totally different. That gives you so much fear of taking the money out of your pocket and buying the car without knowing if you're going to need this money tomorrow....It's very dangerous. I feel very scared of this uncertainty."
SUPER CAPTION: Clicia Helena Tavares Manoel, Customer
The government hopes to improve financing conditions for Brazilian exporters.
But it will take time for Brazil to recover the losses incurred through a global shake up of financial markets.
And consumer attitudes appears to be shifting rapidly from that of buoyant confidence to nervous expectation.
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published:21 Jul 2015

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2:34

ARGENTINA: GOVERNMENT ANNOUNCES SEVERE ECONOMIC PACKAGE

Spanish/Nat
Argentina is bracing itself as Brazil - its main trading partner - has anno...

published:21 Jul 2015

ARGENTINA: GOVERNMENT ANNOUNCES SEVERE ECONOMIC PACKAGE

ARGENTINA: GOVERNMENT ANNOUNCES SEVERE ECONOMIC PACKAGE

Spanish/Nat
Argentina is bracing itself as Brazil - its main trading partner - has announced a severe economic package that raises taxes and puts up prices on fuel and alcohol.
Argentina's President Carlos Menem has said exporters must find new markets to exploit, and some economists say the fact the Argentine economy is not export- dependent will protect it.
Nevertheless, Ford Argentina has said it has suspended exports to Brazil and has even stopped production of some cars.
Last week the Brazilian government announced an economic package which many in Argentina fear will effect trade between the South American neighbours.
Argentina buys products like these mangoes and pineapples from Brazil.
But Argentineans are more worried about their exports to Brazil, which make up nearly a third of the country's total products sold abroad.
Argentina sells beef and wine to Brazil, but it is the automobile industry which has been most effected by the new economic measures.
After the announcement of the economic package - which raises income tax and the price of fuel and alcohol - the Buenos Aires stock exchange fell by nearly six percent.
And shares of car manufacturer's - whose sales to Brazil amount to 40 percent of their total - fell by between 10 and 20 percent.
Several multinationals use Argentina as their base from which to export to surrounding countries.
Ford Argentina S-A says it is too early to give an exact cost of the economic package.
SOUNDBITE: (Spanish)
"It's difficult to quantify the direct dimensions of the effect only a few hours after the economic measures have begun. But it could have a 10 to 15 per cent effect on sales in the long term."
SUPER CAPTION: Rodolfo Ceretti, director of Ford factory
But the company is not taking any chances and has ordered a halt in production of Escort cars - the most popular Ford in Brazil.
SOUNDBITE: (Spanish)
"At the moment we are suspending exports to Brazil. We're currently finishing the planned sales. But for the rest of November we're suspending exports. And because exports are such an important part of our production we're going to stop production for two weeks of the Escort line, which is the car we export most to Brazil."
SUPER CAPTION: Rodolfo Ceretti, director of Ford factory
Ceretti believes the short term effect will be a "shock" causing a steep decline in exports, but in the long term, he predicts, sales will stabilise.
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BRAZIL: MONEY DAY CELEBRATIONS

Portuguese/Nat
Brazilians celebrated 'Money Day' amid fear and expectations of strong austerity measures from the government.
Consumers are confident that the government will be able to handle the financial crisis currently affecting Latin America's biggest economy.
Re-elected President Fernando Henrique Cardoso has asked his economic advisors to draw up a fiscal adjustment plan which will help to secure International Monetary Fund cash by October 20.
The Brazilian stock market has kicked off on a firmer note this week.
The country's blue chip Bovespa index rose over 2 percent on Tuesday setting a positive mood for the country and for the rest of the region.
Outside Rio de Janeiro's stock exchange, people celebrated 'Money Day' - usually a meaningless date in the Brazilian calendar.
Eleven years ago the government declared each 13 of October as "Money Day", coinciding with the celebration of Columbus Day and the Feast of the patron saint, the Virging of Aparecida.
No one really paid much attention to the unusual day, but for this group, it seemed appropriate to celebrate it this year as the economy has been dominating the headlines.
The demonstrators exchanged fake dollars and collected chocolate coins in an effort to catch the attention of passersby and turn the financial crisis into a game.
The designer of Brazil's new currency - the Real - was invited to participate as 'Mr. Money.'
Despite expectations of strong austerity measures, Brazilian consumers are still finding ways to spend their money.
As this economist say, many appear confident that the economy will recover.
SOUNDBITE: (Portuguese)
"Last September Brazilian consumers were worried about the increase in interest rates and the expectations of strong austerity measures from the government. There was a big drop in sales, but we've already had some recovery."
SUPER CAPTION: Alberto Fureguem, Economist, Rio de Janeiro's Trade Association.
Popular shops have seen clients returning to shop for the first time since the beginning of Brazil's financial crisis.
Despite the increase in purchasing, Brazilians are still waiting to see what will happen in the next few days.
SOUNDBITE: (Portuguese)
"Our consumers are saving money, trying to buy the cheapest goods and always paying cash, avoiding credit, avoiding to pay with cheques to see how the government's situation develops and what measures will be taken."
SUPER CAPTION: Enio Bittencourt, President of Popular Shops Owners Association in Rio de Janeiro
In the car showrooms the situation is difficult, manufacturers are reducing production and forcing employees to take holiday leave.
Car production is reportedly 20 per cent lower compared to the amount of cars produced last year in Brazil.
Fears of a possible devaluation of the real has reduced consumer credit, giving those with cash an opportunity to buy cars at lower prices.
SOUNDBITE: (Portuguese)
"Before the crisis, 80 percent of the cars we sold were bought on credit, to be paid in 36 months, for instance. Now, the consumer only buys if he has cash. He bargains for the best price and pays in cash."
SUPER CAPTION: Antonio Marcos de Oliveira de Lima, Car Sales Manager
Local investors have been waiting for the Brazilian government to reveal details of the budget cuts it has promised the world.
Investors too are concerned for the future of the real.
SOUNDBITE: (Portuguese)
SUPER CAPTION: Alberto Fureguem, Economist, Rio de Janeiro's Trade Association.
The I-M-F and Brazil's government are putting the final touches to an emergency three- year package that should be ratified within weeks.
The package has been estimated to total $30 (b) billion U-S dollars.
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published:21 Jul 2015

views:0

2:38

BRAZIL: RIO: MEASURES ANNOUNCED TO STEM ECONOMIC COLLAPSE

Portuguese/Nat
As the world's economic crisis continues, the Brazilian government has a...

published:21 Jul 2015

BRAZIL: RIO: MEASURES ANNOUNCED TO STEM ECONOMIC COLLAPSE

BRAZIL: RIO: MEASURES ANNOUNCED TO STEM ECONOMIC COLLAPSE

Portuguese/Nat
As the world's economic crisis continues, the Brazilian government has announced
austerity measures in an effort to stem economic collapse.
The president also called on rich nations to set up an emergency fund to help Latin America fend off an "imported crisis" as dollars continue to fly out of the country.
As fears of a possible currency devaluation continue, banking unions have announced that they are considering strike action following months without pay increase.
Brazil is currently losing 500 (m) million U-S dollars a day.
With presidential elections due on October 4, President Henrique Cardoso's government is desperate to buy time for its ailing "real" currency.
Come election day, the country will have lost 40 to 41 (b) billion U-S dollars this year.
Despite the figures, stock markets in Sao Paulo and Rio de Janeiro have remained relatively steady.
Last month's heavy losses are still dragging the trend downwards.
Investor panic is being blamed on problems in Asia and Russia.
Crises in these regions have reduced confidence in emerging markets the world over.
SOUNDBITE: (Portuguese)
"Nowadays, we are living in a globalised market, where the crisis in Asia, the crisis in Russia, the crisis all over Europe can bring serious problems to Brazil because they (market speculators) will search in the emerging economies, where there is liquidity, situations to cover the hole in other markets elsewhere."
SUPER CAPTION: Erenilton de Oliveira Silva, President of the Stockbrokers Council, Rio de Janeiro Stock Market
The federal government in the capital Brasilia has not ruled out the possibility of implementing tax increases to counter the effects of capital flooding out of the country.
So now fears of a possible devaluation is also pushing investors to send currency abroad.
In the first three days of this month, three point eight (b) U-S billion dollars left the country.
This exodus of currency has lowered the official reserves to approximately 58 (b) billion U-S dollars.
One economist explained the devastating effects of the dollar exodus.
SOUNDBITE: (Portuguese)
"At the moment the situation is paralysing the Brazilian economy. The view is that capital flight will continue, because the Brazilian government is powerless to stem the outflow. In reality, the government is depending on changes in the rest of the world - for instance, interest rates in the U-S falling - to make Brazil become, in the financial sense, attractive again. Right now, the economy's instability and the country's economic data are making the international investor very reticent about being able to rescue these dollars in the future. That is what is leading to this currency flight, at a rate of about 500 U-S dollars a day."
SUPER CAPTION: Henrique Jager, Economist from Union Statistics Office
But not everyone agrees Brazil's problems are not simply a result of economic collapse elsewhere in the world.
SOUNDBITE: (Portuguese)
"We also got confused, because, in reality, our money is the kind which looks strong, but has no force really. If this was not the case, we would not be undergoing the current crisis, with the middle class breaking down. So it's not the Russia crisis, it's not the Taiwan crisis, it's not the crisis from anywhere, it will not increase or decrease the crisis we already have in Brazil."
SUPER CAPTION: Euclides Fernandes, School teacher
SOUNDBITE: (Portuguese)
"The dollar went up so much, you know? It's getting very complicated. We are scared of things here getting even worse after the elections."
SUPER CAPTION: Virginia dos Anjos Barbosa, Public Worker
The crisis has affected the Brazilian workforce.
Bankers, in particular, are on the verge of revolt.
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published:21 Jul 2015

views:1

2:39

BRAZIL: WORLD CONCERN OVER COUNTRY'S ECONOMIC CRISIS

Eng/Portu/Nat
The United States and other major industrialised nations are deeply con...

published:21 Jul 2015

BRAZIL: WORLD CONCERN OVER COUNTRY'S ECONOMIC CRISIS

BRAZIL: WORLD CONCERN OVER COUNTRY'S ECONOMIC CRISIS

Eng/Portu/Nat
The United States and other major industrialised nations are deeply concerned about Brazil, the latest country to come under threat from the global economic crisis.
As U-S President Clinton convened a meeting in Washington of delegates from 22 nations - U-S officials worked behind the scenes on a multibillion-dollar rescue package for Brazil.
With initial results indicating Fernando Cardoso will be the first Brazilian president ever to win re-election, he must now prepare for an even tougher test.
Harsh austerity measures will have to be imposed to halt Brazil's economic meltdown in return for help from the I-M-F.
Now that economic stability is Brazil is threatened - Cardoso must rein in the international financial crisis that began in Asia and is now poised to strike his country.
The prospect that Cardoso might delay an announcement of belt-tightening measures needed to stabilise the economy until he has officially won the election, sent Brazilian stock markets lower.
On Monday, stock markets closed off 4.5 percent in Sao Paulo and 3.4 percent in the smaller Rio de Janeiro exchange.
But to most observers, Cardoso has already received a clear mandate to run Latin America's largest nation for the next four years.
But analysts say the path for Brazil's recovery, which will involve an agreement with the I-M-F, will be a rocky one.
SOUNDBITE: (English)
"Well these international negotiations involving member countries and the I-M-F and other sources of official financial sourcing tend to be difficult and protracted. I wouldn't bet on a quick conclusion with an agreement with Brazil, there's a lot of negotiations to do. I-M-F missions will probably have to come to Brazil. The Brazilian government will have to make an assessment of to what extent it can pass new legislation in increasing taxes for instance or in reducing expenditure in congress. In several Brazilian states the election will have to be decided on a second round at the end of October and this also creates some inhibitions for the government in the adjustment process so I wouldn't bet on a rapid conclusion between the I-M-F and Brazil."
SUPER CAPTION: Paulo Mogueira, Economist
Cardoso's popularity is largely the result of the success of the "Real Plan," the economic stabilisation plan he helped put together in 1994 when he was finance minister.
It dropped inflation from around 2 thousand 400 percent a year to near zero now.
Since its introduction, the Real Plan has been shored up by high interest rates and an overvalued real, the Brazilian currency.
Together, they guaranteed price stability, but caused recession, unemployment and public and trade deficits.
But now, like other emerging markets, Brazil is suffering from a loss of investor confidence and a strong outflow of capital.
The country's foreign reserves have fallen below 50 U-S (b) billion from the 70 U-S (b) billion posted at the end of July.
To prevent a collapse of the real, and stem capital flight, interest rates were hiked to 50 percent a year.
The pressure is now on for Cardoso to kick off his second four-year term by announcing spending cuts, tax hikes, pension and civil service reform.
These austerity measures will be in exchange for help from the International Monetary Fund that analysts say could total 30 U-S (b) billion dollars.
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BRAZIL: ELECTION CAMPAIGNING ENDS IN MIDST OF FINANCIAL CRISIS

Portuguese/Nat
A bailout package for Brazil worth around 30 (b) billion dollars looks set to be announced after Sunday's presidential elections in the country.
Candidates have wrapped up their election campaigns in the midst of a deep financial crisis engulfing South America's biggest economy.
Much of the electorate fears the government may have to take austerity measures in return for an expected global aid package.
But expectations that tougher times will hit soon do not seem to have turned many Brazilians against their president ahead of polling day.
President Fernando Henrique Cardoso appeared to be well out in front of his 11 rivals in the presidential race when campaigning drew to a close on Thursday.
The fact that Brazil is currently in the throes of a financial crisis seems to have had little effect on his popularity.
Cardoso said earlier this week that an austerity package to ease Brazil's economic crisis wasn't coming - at least not before Tuesday.
But while Cardoso was campaigning for re-election, his financial team was meeting the International Monetary Fund and World Bank in Washington.
They negotiated an emergency loan package reportedly worth 30 (b) U-S billion dollars.
Recent polls show most Brazilians think Brazil's President Cardoso is better prepared to handle the crisis than his rival "Lula" Da Silva of the Workers Party.
Financial experts here seem to agree, provided help is forthcoming from the international community.
SOUNDBITE: (Portuguese)
"The stock exchange of the city of Sao Paulo is at a cautious high but everything is under control here. We are waiting for the elections, but we are also waiting for the support of the international financial community, which we are hoping will be positive, because of the world financial crisis. We believe that we will come out of these elections peacefully. We believe our government is doing all the correct things to ensure that our country continues to develop but we are also looking for outside support from the I-M-F and the G-7 group with whom our minister is meeting at the moment."
SUPER CAPTION: Sidney Martims, broker
Luiz Inacio Lula Da Silva, who is put forward his candidacy for the third time, has criticised Brazil's dependence on foreign investment.
Last week, Cardoso tried to reassure international investors and prepare Brazilians for belt-tightening economic measures that have heightened fears of recession and unemployment.
He hinted strongly that taxes would be increased in an effort to tackle a budget deficit of more than 7 per cent of gross domestic product.
Some economists believe these are the first of many austerity measures needed to place the economy on an even keel.
SOUNDBITE: (English)
"Well, Brazil is going through a very difficult period right now and after the elections the government will probably be forced to take a series of strong measures concerning cuts in the public expenditure and increases in taxation to allow for a substantial reduction in the public deficit in Brazil which is too high. It may also be forced, maybe at the beginning of next year, to change its exchange rate policy to allow for a stronger devaluation of the Brazilian currency that is significantly overvalued."
SUPER CAPTION: Paulo Mogueira, Economist
Despite leading a government with a ballooning budget deficit and a battered credibility, it seems voters are preparing to back Cardoso as the man to pull Brazil out of its current crisis, when they go to the polls this weekend.
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published:21 Jul 2015

views:0

2:30

LATIN AMERICA: ECONOMIC INSTABILITY HITS REGION HARD

Spanish/Nat
As the world's financial crisis continues, economists in Latin America are ...

published:21 Jul 2015

LATIN AMERICA: ECONOMIC INSTABILITY HITS REGION HARD

LATIN AMERICA: ECONOMIC INSTABILITY HITS REGION HARD

Spanish/Nat
As the world's financial crisis continues, economists in Latin America are monitoring the Brazilian economy closely fearful of the possible knock-on effect of a devaluation.
On Wednesday Brazil called for rich nations to set up an emergency fund to help Latin America fend off an 'imported crisis' as dollars continue to fly out of the region.
In Argentina and Venezuela, high street spending has dropped by 30 to 40 per cent, and many stores are feeling the pressure.
On Wednesday Brazilian President Henrique Cardoso called on industrialised nations to give money to the International Monetary Fund to set up a 'contingency fund'.
His appeal reflects the concern in Latin America that the global emerging market crisis will hit the region hard.
Recent rumours that Brazil's 'real' currency could be devalued have led to a slump in consumer spending throughout Latin America.
In Argentina the peso, long tied one-to-one to the dollar, would not survive such a slump.
Brazil buys one-third of Argentina's exports.
The threat of devaluation has worried shop owners who are already feeling the effect of economic instability.
Many have been forced to close.
SOUNDBITE: (Spanish)
"Yes, we have felt it. Towards the end of August and the beginning of September we have felt the crisis that has affected the stock exchange. We have felt a considerable drop in public spending. I would say approximately 30 to 40% drop in spending."
SUPER CAPTION: Marcelo, Record Shop Manager
In Argentina, the first half of the year has seen a slight growth in the gross domestic product of nearly 7 per cent.
Predictions are that the second half will see a drop to 2 per cent.
Should this trend continue, a recession would be in place by the beginning of next year.
SOUNDBITE: (Spanish)
"If the crisis continues, and more importantly, if there is a serious exchange or financial problem in Brazil, the problem is that we will not be able to hold it back. From the financial, the fiscal and the banking points of view, there is no way that we can halt the potential stampede, the effect on our economies."
SUPER CAPTION: Adolfo Sturzenegge, Economist
In Venezuela, consumer spending has dropped by 5,6 per cent
between January and August.
This market in the capital, Caracas, has felt the change as Venezuelans are turning to the cheaper offers available in supermarket and hypermarket chains.
Lack of confidence on the high street has led to the closure of over one thousand shops so far this year.
VOXPOP: (Spanish)
"Our wages are not enough for us to survive. Everything is too expensive. The housewife used to buy by the kilo or by two kilos. Now we buy by the half or quarter kilo, or in small bags because our salaries are not enough to buy anything."
SUPER CAPTION: Nohemi Melemdez, Housewife
Dollars have been rushing out of Brazil at an alarming rate since Russia announced a devaluation last month.
If Latin America's largest nation follows suit, there could be potentially devastating consequences for the world economy.
The rest of Latin America will continue to monitor Brazil's crisis closely.
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published:21 Jul 2015

views:0

2:09

BRAZIL: RIO: NEW TAXI SERVICE FOR PETS

Portuguese/Nat
For one section of the Brazilian economy there is no economic crisis, de...

published:21 Jul 2015

BRAZIL: RIO: NEW TAXI SERVICE FOR PETS

BRAZIL: RIO: NEW TAXI SERVICE FOR PETS

Portuguese/Nat
For one section of the Brazilian economy there is no economic crisis, despite the austerity measures being imposed to combat the threat of recession.
Pets are big business in Brazil and the pet market is growing at an average of 20 percent every month.
Now, a new taxi service for pets is being offered, cashing in on the boom.
This taxi is picking up a very important customer.
But, it's not this woman who'll be getting a lift.
Rather, it's her dogs.
Brazil is the third largest market for pet food and pet products.
And this taxi driver has thought up a new way to cash in on the boom.
In a country where (m) millions of Brazilians can't afford to take a taxi, Julio Cesar Rasina makes a living out of chauffering pampered pooches.
So this family of Yorkshire terriers is off to the groomers.
In the region of Rio de Janeiro alone there are over three (m) million cats and dogs.
That means brisk business for pet grooming centres such as this.
And pet owners are spending up to 50 U-S dollars on having their dog groomed.
Even though most Brazilians earn around 130 U-S dollars a month, some of the clients here spend up to 160 U-S dollars a month on pampering their pets, showering them with gifts and toys.
SOUNDBITE: (Portuguese)
"They (dogs) have a king's life. For sure...especially if they come to 'The Pet from Ipanema (laughs)!"
SUPER CAPTION: Igor Giglio Periera, pet shop manager
Since he started the service, Rasina has taken care of more that 400 clients.
Business has been booming and he says he doesn't worry about the economic crisis.
SOUNDBITE: (Portuguese)
"I don't think it (business) will be affected because people love animals very much. They have them as companions, as friends so I don't think this sector would have problems especially now that we're fully booked with appointments to take dogs for a wash and to the vet."
SUPER CAPTION: Julio Cesar Rasina, owner Transdog taxi
For about seven dollars, he offers a door-to-door service.
This woman lives in Ipanema, a wealthy suburb of Rio de Janeiro.
She highly recommends the service.
SOUNDBITE: (Portuguese)
"It improves our lives. I have dogs and I don't have time to groom them every week. So, with the taxis things are much better. There's someone we can trust to take them and I recommend it to everyone who owns dogs because it's very good."
SUPER CAPTION: Pricilla Sucasas, Dog Owner
Even though Brazil is fighting an economic crisis, this freshly cleaned family of dogs are going home in style.
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